A Matching Model of University-Industry Collaborations

In this paper we present a simple model of university-industry collaborations with heterogeneous agents, which is the standard case of technology transfer. We study the characteristics of the matching process, that makes this exchange in technology transfer either efficient or unfeasible. We show that the functioning of the technology transfer market implies dual-trading externalities. We refer to these externalities as congestion because they are caused by the tightness that searching firms and researchers cause to each other during trade.