Structuring Public–Private Research Partnerships for Success

Structuring Public–Private Research Partnerships for Success

Empowering University Partners

Gordon Rausser, Holly Amedon and Reid Stevens

As funding for universities and governmental research units has declined, these institutions have turned to the private sector to augment their research and development budgets. This book presents a framework for structuring public-private research partnerships that protect both these institutions’ academic freedom and the private firm’s corporate interests. This formulation is developed using insights originating from the incomplete contracting and collective decision making literatures. The book presents a number of template designs for a variety of research partnerships.

Chapter 6: PPRPs: The benefits and risks of the bargain

Gordon Rausser, Holly Amedon and Reid Stevens

Subjects: economics and finance, financial economics and regulation, public finance, public sector economics, politics and public policy, public policy


Here we examine real-world examples of public–private research partnerships (PPRPs), assessing a few notable case studies such as Washington University–Monsanto and Berkeley–Novartis. Over the last 30 years, the private sector has funneled hundreds of millions of dollars into university research through PPRPs, and we review the basic terms and conditions of such contractual commitments including partner selection, governance, publication delay, academic freedom, confidentiality, and patents and licensing. We also present guidelines that universities have developed to manage these partnerships, evaluating consistency across these guidelines.

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