The Economics of Science and Technology

Abstract

ABSTRACT. This paper provides a non-technical, accessible introduction to various topics in the burgeoning literature on the economics of science and technology. This is an interdisciplinary literature, drawing on the work of scholars in the fields of economics, public policy, sociology and management. The aim of this paper is to foster a deeper appreciation of the economic importance of science and technology issues. We also hope to stimulate additional research on these topics.

The Contract Research Organization and the Commercialization of Scientific Research

“…at least at the major research universities, their revenue-enhancing activities have not seriously distorted such values' (Baltimore, 2003(Baltimore, : 1050; 'There is evidence to suggest that university licensing facilitates technology transfer with minimal effects on the research environment' (Thursby & Thursby, 2003: 1052. Other exemplars of Whiggism might be Nowotny et al (2001), Feldman et al (2002, David & Dasgupta (1994), Etzkowitz (2002), andLeonard (2004). 3.…”

Commercial knowledge transfers from universities to firms: improving the effectiveness of university–industry collaboration

“…Policymakers asserted that the long lag between the discovery of new knowledge at the university and its use by companies was seriously impairing the global competitiveness of American firms in such key industries as steel, automobiles, televisions, and semiconductors (Marshall, 1985). In 1980, Congress attempted to remove potential obstacles to university to industry technology transfer (UITT) through legislation, which became known as the Bayh-Dole Act (Feldman, Link, & Siegel, 2002). Bayh-Dole instituted a uniform patent policy across federal agencies, removed the restrictions on licensing, and allowed universities to own the patents that arise from federal research grants.…”

Competitive strategies of knowledge and innovation commercialization: a unified swot and fuzzy ahp approach

“…However, the creation of new venture businesses founded by university researchers have been beneficial via technology transfer in the last two decades (Bercovitz et al, 2001;Shane, 2002;Siegel, Veugelers, and Wright, 2007). Intellectual property licensing and spin-off companies have been considered as key contributions in the creation of new technology-based companies (Feldman, Link, and Siegel, 2002).…”