Author: Xuhua Chang

Publisher:

Published: 2016

Total Pages: 239

ISBN-13:

Second, I scrutinise the influence of patent checking on faculty invention disclosure and university licensing strategies, after which I develop a static game model specifically for examining such influence. I found that patent evaluation is negatively related to invention disclosure but that it influences high-value inventions to a lesser extent. I propose that the requirement for universities to match checking policies, licensing strategies and checking rates are negatively related to inventor share rates. This study also explores the process of technology transfer from faculty inventors to industrial firms. The theoretical results uncover a series of conditions necessary for invention disclosure and commercial model selection. They also serve as bases for formulating an optimal revenue distribution scheme and patent licensing contract. The empirical results confirm the validity of the theoretical conclusions and provide valuable practical implications. Moreover, this research introduces the concept of a university technology transfer chain and generates a game model that enables the investigation of a double moral hazard problem. I found that the licence contract commonly adhered to in Chinese universities cannot reduce such hazard. The portfolio contract with royalties and revenue sharing successfully works only under specific circumstances, but the side-payment self-enforcing contract can effectively coordinate all stakeholder behaviours. Finally, on the basis of the empirical and theoretical insights derived in this work, the influence of university policies and government-related measures is qualitatively analysed. The policies and measures reviewed include regulations on the ownership of university inventions, patent checking, government funding and teachers' key performance indicators. This research provides new insights for faculty who are interested in patent application and presents implications for university administration and policymaking.