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• W2109614009 abstract "We develop a model that clarifies the respective advantages and disadvantages of academic and private-sector research. Rather than relying on lack of appropriability or spillovers to generate a rationale for academic research, we emphasize control-rights considerations, and argue that the fundamental tradeoff between academia and the private sector is one of creative control versus focus. By serving as a precommitment mechanism that allows scientists to freely pursue their own interests, academia can be indispensable for early-stage research. At the same time, the private sector's ability to direct scientists toward higher-payoff activities makes it more attractive for later-stage research." @default.
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• W2109614009 date "2008-09-01" @default.
• W2109614009 modified "2023-09-30" @default.
• W2109614009 title "Academic freedom, private-sector focus, and the process of innovation" @default.
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• W2109614009 doi "https://doi.org/10.1111/j.1756-2171.2008.00031.x" @default.
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