摘要：This paper analyzes the e
ect of public and private third-party funds on the
eciency of departments of Swiss public research institutions. Estimating an
output distance function assuming that labor is used to produce master students
and scienti c publications, we nd no statistically signi cant e
ect of private
or public third-party funding on research eciency. However, once we include
technology transfer as an additional output, the coecient of private funding is
statistically signi cant. We further nd that this disciplining e
ect of private
funding is qualitatively robust in a setting controlling for endogeneity.
关键词：Eciency, Research, University, Technology Transfer, Third-Party Funding,
Public Finance
