@article{4fbb4e16f6544946b0dd391a42cc6c82,
title = "The economics of intellectual property at universities: An overview of the special issue",
abstract = "A study was performed on the economics of intellectual property at the universities. It was found that there was a substantial rise in the rate of commercialization of university-based technologies. An increase in investment in science parks and other property-based institutions that facilitate the transfer of technology from universities to firms, was also witnessed.",
author = "Link, {Albert N.} and Scott, {John T.} and Siegel, {Donald S.}",
note = "Funding Information: Our objective in this special issue is to begin to fill this gap. After issuing a call for papers on {\textquoteleft}The Economics of Intellectual Property at Universities,{\textquoteright} we convened a workshop at the University of North Carolina at Greensboro in November 2002. This event was jointly sponsored by the National Science Foundation, the University of North Carolina at Greensboro and Rensselaer Polytechnic Institute. A selected group of papers was presented at the workshop. These studies address four major non-mutually exclusive themes: the geographic and industrial organization implications of knowledge spillovers from universities to firms, the role of incentives in university management of intellectual property, the impact of science parks on firms and universities, and strategy formulation by firms and universities to exploit university-based intellectual property. Below, we consider each of these issues in turn and also provide a brief summary of each paper. Funding Information: There has also been a concomitant rise in university–industry partnerships resulting from efforts undertaken by national governments to overcome innovation market failures ( Martin and Scott, 2000 ). One such policy intervention is public–private partnerships. Public-sector support can assume various forms, such as government subsidies for projects funded by private firms (e.g., the U.S. Commerce Department{\textquoteright}s Advanced Technology Program (ATP)) or shared use of expertise and laboratory facilities (e.g., the National Science Foundation{\textquoteright}s Engineering Research Centers and Industry–University Cooperative Research Centers). Another public-sector initiative was the National Cooperative Research Act (NCRA) of 1984, which established a system whereby firms can disclose their intentions to engage in research joint ventures (RJVs) to the U.S. Department of Justice and, thus, significantly reduce aspects of potential exposure to antitrust litigation. The end result is that there is more collaborative research, and many of these partnerships involve universities and firms. ",
year = "2003",
month = nov,
doi = "10.1016/S0167-7187(03)00080-8",
language = "English (US)",
volume = "21",
pages = "1217--1225",
journal = "International Journal of Industrial Organization",
issn = "0167-7187",
publisher = "Elsevier Inc.",
number = "9",
}