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We examine commonly observed forms of payment, such as milestones, royalties, or consulting contracts as ways of engaging inventors in the development of licensed inventions. Our theoretical model shows that when milestones are feasible, royalties are not optimal unless the licensing firm is...
Persistent link: https://www.econbiz.de/10012464422
detailed data on inventors contained in patents, and harness it for economic research. Patent data has long been used in … "John Smith" problem). Given that there are over 2 million patents with 2 inventors per patent on average, the "who is who …-inventors, etc. Forty percent of them have more than one patent, and 70,000 have more than 10 patents. We can trace those multiple …
Persistent link: https://www.econbiz.de/10012466160
star scientists and firms have a large positive impact on firms'" research productivity, increasing the average firm …'s biotech patents by 34 percent development by 27 percent, and products on the market by 8 percent as of 1989-1990. However … there is little evidence of geographically localized knowledge spillovers. In early industry" formation, star scientists …
Persistent link: https://www.econbiz.de/10012472457
. Using comprehensive data on Norwegian workers, firms, and patents, we find a 50% decline in both entrepreneurship and … patenting rates by university researchers after the reform. Quality measures for university start-ups and patents also decline …
Persistent link: https://www.econbiz.de/10012456617
The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local...
Persistent link: https://www.econbiz.de/10012453261
effects that reflect proximity to universities or other research institutions. Using data on licensed patents from the … flows from university inventions through two important channels: non-market 'spillovers' exemplified by patent citations and … citations are most pronounced for exclusively licensed university patents. We interpret these findings as reflecting the …
Persistent link: https://www.econbiz.de/10012470150
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
--education and training, the practice of invention, and commercialization. While improving along certain dimensions over time, we …
Persistent link: https://www.econbiz.de/10012660032
We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that...
Persistent link: https://www.econbiz.de/10014421213
This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start …
Persistent link: https://www.econbiz.de/10012467204