In this paper we illustrate the changes that the Italian university system underwent from the early 2000s till today, with a special focus on the transition to academic entrepreneurship. We describe these changes as part of more general and similar trends taking place in other European countries...

We develop a model based on asymmetric information (adverse selection) that provides a rational explanation for the persistent use of royalties alongside equity in university technology transfer. The model shows how royalties, through their value-destroying distortions, can act as a screening...

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...