Double trust-agent role of technology intermediary in enterprise technical innovation

The technology intermediary plays an important media role in the Enterprise technology innovation and is a key factor in the process of transforming science and technology achievements into productive forces. Based on common agent model, the relationship between technology intermediary and innovative enterprise was investigated, and an equilibrium solution among the buyer principal, the seller principal and the technology agency of technology achievements was derived. The theoretic results clarify that the Pareto efficiency can not be achieved in monopolistic exchange markets of technology achievements, while fair exchanges are more likely to maintain in completely competitive markets of technology achievements; moreover, neutrality of intermediary agents is a necessary condition for all the transaction participators to achieve their maximum utilities. Therefore, fully competitive technology transaction market and impartial technology intermediary are significantly important to improve the innovation capability of enterprises.