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Is university ownership a sub-optimal property rights regime for commercialisation? Information conditions and entrepreneurship in Greater Manchester, England

机译:大学所有权是商业化的次优产权制度吗?英格兰大曼彻斯特的信息条件和企业家精神

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摘要

In an era where knowledge constitutes a key source of innovation and sustainable competitive advantage, universities are viewed increasingly as engines of growth. This is because they are places where research outcomes that may lead to radical or disruptive changes to practice are produced. Cognisant of this, and its implications for economic development, policy-makers conferred ownership of research outcomes to universities as a means of facilitating commercialisation. This paper, alongside a growing body of literature, questions the prevailing property rights regime, positing that it is sub-optimal in terms of reducing societal benefits coming from commercialisation. More specifically, drawing on the experience of Greater Manchester (England), this paper argues that university ownership implications on the availability of information used in commercialisation decisions. The detachment of entrepreneurs, a direct consequence of property rights, in the transition from disclosure to patenting means that it is not the transfer of technical information (as suggested in the literature) that constitutes the main challenge. Instead, this paper suggests it is unknowledge' i.e. information that has yet to be generated in the introduction of something new that impacts commercialisation. The paper suggests that, rather paradoxically, entrepreneurial engagement may be best attained.
机译:在知识成为创新和可持续竞争优势的关键来源的时代,大学越来越被视为增长的引擎。这是因为它们是产生可能导致实践发生根本性或破坏性变化的研究成果的地方。意识到这一点及其对经济发展的影响,决策者将研究成果的所有权授予大学,以促进商业化。与越来越多的文献一起,本文对现行的产权制度提出了质疑,理由是它在减少商业化带来的社会利益方面是次优的。更具体地说,该文章借鉴大曼彻斯特(英格兰)的经验,认为大学所有权对商业化决策中使用的信息的可用性产生了影响。从公开向专利过渡的过程中,企业家的超脱是财产权的直接后果,这意味着构成主要挑战的不是技术信息的转移(如文献中所建议)。相反,本文认为这是未知的,即在引入影响商业化的新事物时尚未产生的信息。该论文表明,颇为自相矛盾的是,企业家的参与可能是最好的。

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