Incentives and Invention in Universities
Incentives and Invention in Universities

Author: Saul Lach

Publisher:

Published: 2008

Total Pages:

ISBN-13:

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Using data on U.S. universities, we show that universities that give higher royalty shares to faculty scientists generate greater license income, controlling for university size, academic quality, research funding and other factors. We use pre-sample data on university patenting to control for the potential endogeneity of royalty shares. We find that scientists respond both to cash royalties and to royalties used to support their research labs, suggesting both pecuniary and intrinsic (research) motivations. The incentive effects appear to be larger in private universities than in public ones, and we provide survey evidence indicating this may be related to differences in the use of performance pay, government constraints, and local development objectives of technology license offices. Royalty incentives work both by raising faculty effort and sorting scientists across universities. The effect of incentives works primarily by increasing the quality (value) rather than the quantity of inventions.

Incentives and Invention in Universities
Incentives and Invention in Universities

Author: Saul Lach

Publisher:

Published: 2003

Total Pages: 60

ISBN-13:

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We show that economic incentives affect the number and commercial value of inventions generated in universities. Using panel data for 102 U.S. universities during the period 1991-1999, we find that universities which give higher royalty shares to academic scientists generate more inventions and higher license income, controlling for other factors including university size, quality, research funding and technology licensing inputs. The incentive effects are much larger in private universities than in public ones. For private institutions there is a Laffer curve effect: raising the inventor's royalty share increases the license income retained by the university. The incentive effect appears to work both through the level of effort and sorting of academic scientists.

Incentives and Invention in Universities
Incentives and Invention in Universities

Author: Saul Lach

Publisher:

Published: 2015

Total Pages: 62

ISBN-13:

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We show that economic incentives affect the commercial value of inventions generated in universities. Using data for 102 U.S. universities during the period 1991-1999, we find that universities which give higher royalty shares to academic scientists generate higher license income, controlling for other factors including university size, quality, research funding and technology licensing inputs. We provide evidence that this is due to the fact that public universities are less effective at commercialising inventions, which weakens the incentive effect of higher royalty shares. Other findings include: 1) there is a Laffer effect in private universities: raising the inventor's royalty share increases the license income retained by the university; 2) the incentive effect works primarily by increasing the quality of inventions, and 3) the incentive effect appears to operate both by raising faculty effort and by sorting academic scientists across universities.

Technology Commercialization
Technology Commercialization

Author: Committee on Utilization of Technologies Developed at Russian Research and Educational Institutions

Publisher: National Academies Press

Published: 1998-12-23

Total Pages: 149

ISBN-13: 0309592348

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This collection of papers—by American and Russian specialists—addresses a variety of legal, regulatory, institutional, and financial issues that can promote or hinder technology commercialization. The book is the result of a series of workshops organized by the National Research Council with the Russian Academy of Sciences on commercialization of technologies, particularly those developed at research and educational institutions. Technology Commercialization concludes with a list of actions, programs, and policies which warrant further consideration as Russia tries to improve the success of technology commercialization. This book will be of interest to those concerned with small-business development in post-communist states, university technology management, and comparative technology commercialization.

The British Industrial Revolution
The British Industrial Revolution

Author: Joel Mokyr

Publisher: Routledge

Published: 2018-02-06

Total Pages: 472

ISBN-13: 0429974191

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The Industrial Revolution remains a defining moment in the economic history of the modern world. But what kind and how much of a revolution was it? And what kind of ?moment? could it have been? These are just some of the larger questions among the many that economic historians continue to debate. Addressing the various interpretations and assumptions that have been attached to the concept of the Industrial Revolution, Joel Mokyr and his four distinguished contributors present and defend their views on essential aspects of the Industrial Revolution. In this revised edition, all chapters?including Mokyr's extensive introductory survey and evaluation of research in this field?are updated to consider arguments and findings advanced since the volume's initial 1993 publication. Like its predecessor, the revised edition of The British Industrial Revolution is an essential book for economic historians and, indeed, for any historian of Great Britain in the eighteenth and nineteenth centuries.

Creating the Market University
Creating the Market University

Author: Elizabeth Popp Berman

Publisher: Princeton University Press

Published: 2012-01-08

Total Pages: 282

ISBN-13: 0691147086

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"Academic science in the U.S. once self-consciously avoided the market. But today it is seen as an economic engine that keeps the nation globally competitive. Creating the Market University compares the origins of biotech entrepreneurship, university patenting, and university-industry research centers to show how government decisions shaped by a new argument--that innovation drives the economy-transformed academic science"-- Provided by publisher.

The Oxford Handbook of Intellectual Property Law
The Oxford Handbook of Intellectual Property Law

Author: Rochelle Cooper Dreyfuss

Publisher: Oxford University Press

Published: 2018

Total Pages: 1025

ISBN-13: 0198758456

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A comprehensive overview of intellectual property law, this handbook will be a vital read for all invested in the field of IP law. Topics include the foundations of IP law; its emergence and development in various jurisdictions; its rules and principles; and current issues arising from the existence and operation of IP law in a political economy.

The Triple Helix
The Triple Helix

Author: Henry Etzkowitz

Publisher: Routledge

Published: 2008-02-05

Total Pages: 299

ISBN-13: 1135925275

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A Triple Helix of university-industry-government interactions is the key to innovation in increasingly knowledge-based societies. As the creation, dissemination, and utilization of knowledge moves from the periphery to the center of industrial production and governance, the concept of innovation, in product and process, is itself being transformed. In its place is a new sense of 'innovation in innovation' - the restructuring and enhancement of the organizational arrangements and incentives that foster innovation. This triple helix intersection of relatively independent institutional spheres generates hybrid organizations such as technology transfer offices in universities, firms, and government research labs and business and financial support institutions such as angel networks and venture capital for new technology-based firms that are increasingly developing around the world. The Triple Helix describes this new innovation model and assists students, researchers, and policymakers in addressing such questions as: How do we enhance the role of universities in regional economic and social development? How can governments, at all levels, encourage citizens to take an active role in promoting innovation in innovation and, conversely, how can citizens so encourage their governments? How can firms collaborate with each other and with universities and government to become more innovative? What are the key elements and challenges to reaching these goals?

Incentives in Technology Transfer
Incentives in Technology Transfer

Author: World Intellectual Property Organization

Publisher: WIPO

Published: 2024-03-19

Total Pages: 107

ISBN-13: 9280535676

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The “Incentives in Technology Transfer” Guide offers valuable insights on incentivizing academic researchers and technology transfer professionals to actively participate in technology transfer activities and research commercialization. Drawing from successful global examples, the Guide explores motivations, challenges, and diverse incentives. The Guide also provides recommendations for universities and governments in formulating incentive schemes, an action plan for the planning process, and a questionnaire template for a better understanding of stakeholders, with the aim of optimizing incentive programs and improving technology transfer effectiveness.

Trends in the Innovation Ecosystem
Trends in the Innovation Ecosystem

Author: Committee on Science, Engineering, and Public Policy

Publisher: National Academies Press

Published: 2013-09-24

Total Pages: 0

ISBN-13: 9780309293044

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Innovation has been a major engine of American economic and societal progress. It has increased per capita income more than sevenfold since the 19th century, has added three decades to the average lifespan, has revolutionized the way we communicate and share information, and has made the United States the strongest military power in the world. Without its historical leadership in innovation, the United States would be a very different country than it is today. Trends in the Innovation Ecosystem is the summary of two workshops hosted by the Committee on Science, Engineering, and Public Policy (COSEPUP) of the National Academy of Sciences, National Academy of Engineering, and Institute of Medicine in February and May, 2013. Experts from industry, academia, and finance met to discuss the challenges involved in innovation pathways. Both workshops focused on the interactions between research universities and industry and the concept of innovation as a "culture" as opposed to an operational method. The goal was to gain a better understanding of what key factors contributed to successful innovations in the past, how today's environment might necessitate changes in strategy, and what changes are likely to occur in the future in the context of a global innovation ecosystem. This report discusses the state of innovation in America, obstacles to both innovation and to reaping the benefits of innovation, and ways of overcoming those obstacles.