We examine ownership patterns of German university-invented patents before and after the abolition of the professors' privilege in 2002 to explore how the legal change affected patenting activities. Our data show a shift from individually-owned and firm-owned patents to university-owned patents,...

Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...