We study the impact of incentive pay, local development objectives and government constraints on university licensing …. Adopting incentive pay is associated with about 30-40 percent more income per license. Universities with strong local … development objectives generate about 30 percent less income per license, but are more likely to license to local (in …

of local development, both in its nature and in its localization. It will be emphasized that the productivity of this … prospect of development of the various branches of the local economy, on the centralization of the local development plan. In …