This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers (TTOs) search cost...

This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers (TTOs) search cost...

Die nachhaltige und kontinuierliche Gründung innovativer Spin-off Unternehmen ermöglicht neben der Schaffung von Arbeitsplätzen, der Förderung spezifischer Wirtschaftsbranchen auch die marktliche Verwertung der Inventionen aus der wissenschaftlichen Forschung. Als eine bedeutende...

University research parks constitute a potentially important mechanism for university technology transfer and regional economic development. Unfortunately, there is little theoretical and empirical evidence on the firm-level choice decision to locate on such a facility. We fill this gap by...