Technology clubs: efficient pricing in business-university collaborations
Recently, business-university collaborations have become the subject of much interest. It is important to distinguish between 'blue-sky' research and more directly commercially applicable research. This paper provides a framework in which to think about the latter. A simple screening model...
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| Format: | Working paper |
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University of Oxford
2003
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| Summary: | Recently, business-university collaborations have become the subject of much interest. It is important to distinguish between 'blue-sky' research and more directly commercially applicable research. This paper provides a framework in which to think about the latter. A simple screening model is proposed to study the ways in which a university might sell its research to the private sector. It demonstrates that 'technology clubs', where firms pay a fixed fee to join and a relatively low marginal cost for each piece of research, would increase the amount of research commercially developed and would be beneficial to all parties. |
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