TECHNOLOGY SHOPS: EFFICIENT PRICING IN BUSINESS-UNIVERSITY COLLABORATIONS
Abstract:Recently, business-university collaborations have become the subject of much interest. It is important to distinguish between 'blue-sky' research and more directly commercially applicable research. This paper provides a framework in which to think about the latter. A simple screening model is proposed to study the ways in which a university might sell its research to the private sector. It demonstrates that 'technology shops', where firms pay a fixed fee to join and a relatively low marginal cost for each piece of research, would increase the amount of research commercially developed and would be beneficial to all parties.
Document Type: Research Article
Affiliations: Department of Economics, Manor Road, Oxford University, Oxford, UK
Publication date: January 1, 2007