%0 Journal Article %1 Antonelli2007 %A Antonelli, Cristiano %D 2007 %J The Journal of Technology Transfer %K Economics for governance,Markets information,Economics knowledge,Knowledge knowledge,Principal-agent,University of %N 1 %P 1--22 %R 10.1007/s10961-007-9064-9 %T The new economics of the university: a knowledge governance approach %U http://www.springerlink.com/index/10.1007/s10961-007-9064-9 %V 33 %X University is becoming a cornerstone of the new emerging mode of governance of the generation and dissemination of knowledge as it reveals remarkable institutional advantages both in providing a solution to the knowledge trade-off and in reducing agency costs. The typical academic labor relationship emerges as an appropriate institutional device to handle the principal-agent problems when creative talents are required. The unique quasi-hierarchical setup of the academic system creates a supply of certified skills that are ready to operate on a professional basis. Such academic consultants can be paid on an ex-post per job basis matching only their variable costs. This supply leads to the creation of a specific market for research services where the demand is provided by the knowledge outsourcing of corporations. For this system to work effectively the non-exclusivity of intellectual property rights on the results of the research performed under contract is necessary. Non-exclusivity in academic employment relations should parallel non-exclusivity in knowledge ownership.

@article{Antonelli2007, abstract = {University is becoming a cornerstone of the new emerging mode of governance of the generation and dissemination of knowledge as it reveals remarkable institutional advantages both in providing a solution to the knowledge trade-off and in reducing agency costs. The typical academic labor relationship emerges as an appropriate institutional device to handle the principal-agent problems when creative talents are required. The unique quasi-hierarchical setup of the academic system creates a supply of certified skills that are ready to operate on a professional basis. Such academic consultants can be paid on an ex-post per job basis matching only their variable costs. This supply leads to the creation of a specific market for research services where the demand is provided by the knowledge outsourcing of corporations. For this system to work effectively the non-exclusivity of intellectual property rights on the results of the research performed under contract is necessary. Non-exclusivity in academic employment relations should parallel non-exclusivity in knowledge ownership.}, added-at = {2012-02-27T06:11:36.000+0100}, author = {Antonelli, Cristiano}, biburl = {https://www.bibsonomy.org/bibtex/2ba1f80925491f98c5b91e6f37ad6ea70/kamil205}, doi = {10.1007/s10961-007-9064-9}, file = {:Users/Miguel/Dropbox/Escola/Artigos/Antonelli\_2007\_The new economics of the university a knowledge governance approach.pdf:pdf}, interhash = {dd72d575f3deb483616f1d9e1ec560fc}, intrahash = {ba1f80925491f98c5b91e6f37ad6ea70}, issn = {0892-9912}, journal = {The Journal of Technology Transfer}, keywords = {Economics for governance,Markets information,Economics knowledge,Knowledge knowledge,Principal-agent,University of}, month = oct, number = 1, pages = {1--22}, timestamp = {2012-02-27T06:11:54.000+0100}, title = {{The new economics of the university: a knowledge governance approach}}, url = {http://www.springerlink.com/index/10.1007/s10961-007-9064-9}, volume = 33, year = 2007 }