Research and Development at U.S. Research Universities: An Analysis of Scope Economies
This paper investigates the presence and sources of economies of scope in R&D production at U.S. research universities. The analysis evaluates the tradeoffs or synergies arising between traditional university research outputs (articles and doctorates) and a more recent and burgeoning output: academic patents. Using a shortage function, we propose a decomposition of economies of scope (decomposition which includes complementarity effects and scale effects). R&D input and output data from 92 public and private research universities are used to obtain non-parametric estimates of scope economies. The results show significant variations in economies of scope and sources by size and type of university.
Year of publication: |
2005
|
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Authors: | Kim, Kwansoo ; Barham, Bradford L. ; Chavas, Jean-Paul ; Foltz, Jeremy D. |
Institutions: | Agricultural and Applied Economics Association - AAEA |
Keywords: | Research and Development/Tech Change/Emerging Technologies |
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