Dechenaux, Emmanuel; Goldfarb, Brent; Thursby, Marie C.; … - 2015
innovation. This belief was a key principle underlying the Bayh-Dole Act, which gave universities the right to own and license … subsequent commercialization or termination of the licenses to these inventions as a function of the length of patent protection …, we find two opposing effects of time. The length of patent protection provides an incentive for the firm to invest that …