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56. Disclosure and licensing of university inventions: 'the best we can do with the s**t we get to work with'

Author

Jensen, Richard A., Thursby, Jerry G., and Thursby, Marie C.

Subjects
Universities and colleges -- Technology application, Universities and colleges -- United States, Econometric models -- Study and teaching, Technology transfer -- Analysis, Technology application, Business, Business, international
Abstract

The interplay of the three major university actors namely the faculty, the technology transfer office (TTO) and the central administration in technology transfer from universities to industry is examined. The examination revealed that quality is inversely related to the share of license income allotted to faculty.

Published
2003

57. University-Industry Spillovers, Government Funding, and Industrial Consulting. NBER Working Paper No. 15732

Author

National Bureau of Economic Research, Jensen, Richard, Thursby, Jerry, and Thursby, Marie C.

Abstract

This paper presents a theoretical model of faculty consulting in the context of government and industry funding for research within the university, which then frames an empirical analysis of the funding and consulting of 458 individual faculty inventors from 8 major US universities. In the theory, firms realize that they free ride on government sponsored research of the faculty they hire as consultants and faculty realize their university research projects indirectly benefit from their firm experience. The model accounts for faculty quality, project characteristics, faculty share of license revenue from university research, and the university's research support. Empirically we find that government research funding is positively related to consulting, independent of faculty quality. We find that government and industry funding for university research are strategic complements as well as evidence of the ability of universities to leverage their research infrastructure to attract research funding.

Published
2010

59. Tariffs with private information and reputation

Author

Jensen, Richard and Thursby, Marie

Subjects
Game theory -- Usage, Uncertainty -- Economic aspects, Commercial policy -- Economic aspects, Tariffs -- Laws, regulations and rules, Information theory in economics -- Models, Business, international, Economics
Published
1990

66. University entrepreneurship and professor privilege.

Author

Färnstrand Damsgaard, Erika and Thursby, Marie C.

Subjects
ACADEMIC spin-outs, ENTREPRENEURSHIP, INVENTIONS, UNIVERSITY faculty, NEW business enterprises, COMMERCIALIZATION, GOVERNMENT policy
Abstract

This article analyzes how institutional differences affect university entrepreneurship. We focus on ownership of faculty inventions, and compare two institutional regimes, the United States and Sweden. In the United States, the Bayh–Dole Act gives universities the right to own inventions from publicly funded research, whereas in Sweden, the professor privilege gives the university faculty this right. We develop a theoretical model and examine the effects of institutional differences on modes of commercialization, entrepreneurship or licenses to established firms, as well as on probabilities of successful commercialization. We find that the US system is less conducive to entrepreneurship than the Swedish system if established firms have some advantage over faculty startups, and that, on average, the probability of successful commercialization is somewhat higher in the United States. We also use the model to perform four policy experiments, as suggested by recent policy debates in both countries. [ABSTRACT FROM PUBLISHER]

Published
2013
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85. University Entrepreneurship and Professor Privilege

Author

Färnstrand Damsgaard, Erika and Thursby, Marie

Subjects
jel:O31, Entrepreneurship, Professor privilege, Commercialization, Startup, jel:L26, jel:L24, jel:O38
Abstract

This paper analyzes how institutional differences affect university entrepreneurship. We focus on ownership of faculty inventions, and compare two institutional regimes; the US and Sweden. In the US, the Bayh-Dole Act gives universities the right to own inventions from publicly funded research,whereas in Sweden, the professor privilege gives the university faculty this right. We develop a theoretical model and examine the effects of institutional differences on modes of commercialization; entrepreneurship or licenses to established firms, as well as on probabilities of successful commercialization. We find that the US system is less conducive to entrepreneurship than the Swedish system if established firms have some advantage over faculty startups, and that on average the probability of successful commercialization is somewhat higher in the US. We also use the model to perform four policy experiments as suggested by recent policy debates in both countries.

Published
2012

92. A strategic approach to the product life cycle

Author

Jensen, Richard and Thursby, Marie

Subjects
product life cycle -- Models, Strategic planning (Business) -- Analysis, Decision-making -- Models, Equilibrium (Economics) -- Models, Business, international, Economics
Published
1986

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