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| Author: | Jensen, R. Thursby, M. |
| Title: | Proofs and prototypes for sale: the licensing of university inventions |
| Journal: | American Economic Review
2001 : MAR, VOL. 91:1, p. 240-259 |
| Index terms: | INVENTIONS LICENSING PATENTS UNIVERSITIES |
| Language: | eng |
| Abstract: | Proponents of the Bayh-Dole Act argue that industrial use of the federally funded research would be reduced without university patent licensing. This survey of U.S. universities supports this view, emphasizing the embryonic state of most technologies licensed and the need for inventor cooperation in commercialization. Thus, for most university inventions, there is a moral-hazard problem wiht inventor effort. |
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