dramatic increase in technology transfer through licensing as universities attempt to appropriate the returns from faculty … licensing is due to the productivity observable inputs or driven by a change in the propensity of faculty and administrators to … engage in commercializing university research. We model licensing as a three stage process, each involving multiple inputs …

, royalties are not optimal unless the licensing firm is risk averse. The model also predicts the use of consulting contracts … observed university policy of allowing faculty to consult with licensing firms outside of their university contracts. They also …

Licensing of university inventions to industry has experienced rapid, recent growth. This growth is cited as evidence … efforts to capture licensing income. However, figures on growth in licensing perhaps paint a misleading picture, given the … substantial variation in licensing success across universities, scientific fields, and technologies. The paper is organized around …

University technology transfer offices (TTOs), whichfacilitate and manage the disclosure and licensing of inventions … them.A theoreticalmodel of disclosure and licensing allows examination of this balancing act andits effect on whether …

, royalties are not optimal unless the licensing firm is risk averse. The model also predicts the use of consulting contracts … observed university policy of allowing faculty to consult with licensing firms outside of their university contracts. They also …

associated with university patent licensing are detrimental to the traditional mission of US research universities. We assume a … affects future knowledge stocks, allows us to show that it is far from obvious that licensing will damage basic research and …

Understanding the nature of the involvement of faculty in university licensing is im-portant for understanding how … technology is transferred through licensing as well as more controversial issues, such as the need for university licensing … licensing and development of inventions, as well as how and why they are used and how the use of faculty relates to …

evidence from our survey of 62 US research universities. We find that the TTOs reported licensing objectives are influenced by …

Whether financial returns to university licensing divert faculty from basic research is examined in a life cycle …, early and more time to leisure as they age. Licensing has real effects by increasing the ratio of applied to basic effort … the stock of knowledge, licensing reduces research output, but if applied effort leads to publishable output as well as …

In this paper, we develop a theoretical model of university licensing to explain why university license contracts often … shelve it. Whether the licensing contract prevents shelving depends in part on the university credibly threatening to take …