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Exclusive or open? An economic analysis of university intellectual property patenting and licensing strategies

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  • Sıla Öcalan Özel
  • Julien Pénin

Abstract

This paper examines the determinants and compares the welfare implications of university intellectual property patenting and licensing strategies. A licensing strategy may be based on varying degrees of exclusivity granted to firms, from open, non-exclusive to exclusive licensing. We thus analyze how the nature of technology invented by the university might affect the choice of patenting (or publishing) and the licensing strategy as well as the performance of the transfer. We consider a model with one university and four firms in two different sectors. We show that if the invention is embryonic and specific, exclusive licensing is the only strategy allowing transferring it to industry. Further, if the invention is generic and embryonic exclusive licensing per field of use is the best way of transferring the invention. Finally, when the invention is mature, publishing is the optimal strategy. An important result is that at the equilibrium of the game, universities may not always automatically choose the strategy which maximizes social surplus. JEL Codes: O32, O33, O34

Suggested Citation

  • Sıla Öcalan Özel & Julien Pénin, 2016. "Exclusive or open? An economic analysis of university intellectual property patenting and licensing strategies," Journal of Innovation Economics, De Boeck Université, vol. 0(3), pages 133-153.
    • Handle: RePEc:cai:jiedbu:jie_021_0133
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    Cited by:

    1. Öcalan-Özel, Sıla & Pénin, Julien, 2019. "Invention characteristics and the degree of exclusivity of university licenses: The case of two leading French research universities," Research Policy, Elsevier, vol. 48(6), pages 1445-1457.

    More about this item

    Keywords

    university licensing; technology transfer; patent; embryonic invention; generic invention;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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