The Bayh-Dole Act of 1980, which permitted institutions receiving government research funds to patent their inventions, has prompted U.S. firms to rely increasingly on outside—and particularly university—invention.The purpose of this study is to examine the effects of various licensing modes...

We study the impact of incentive pay, local development objectives and government constraints on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for...