Reflecting the trend in the business community, universities are increasingly investing in intellectual property rights. But they are often unsuccessful in realizing licensing revenues that provide adequate return on investment. This paper considers how auctions could potentially increase licensing efficiency and make university intellectual property transactions more productive. The paper begins by placing the auction in the universe of possible transaction forms and considers how well it aligns to the unique nature of university rights. Penn State's recent patent auctions provide useful context. The paper then provides recommendations to modify the auction structure for maximum benefit in university intellectual property transactions.
Daniel R. Cahoy, Anthony M. Kwasnica & Luis A. Lopez,
The Role of Auctions in University Intellectual Property Transactions,
Duq. L. Rev.
Available at: https://dsc.duq.edu/dlr/vol54/iss1/4