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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
We study the impact of incentive pay, local development objectives and government constraints on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for...
Persistent link: https://www.econbiz.de/10012771354
Persistent link: https://www.econbiz.de/10003863446
In industries characterized by network externalities, the self-reinforcing effects of installed base and the availability of complementary goods can lead to a single (or few) firm(s) controlling nearly all of the market share in a product category. A new entrant may attempt to displace the...
Persistent link: https://www.econbiz.de/10014140116
University research provides valuable inputs to industrial innovation. It is therefore not surprising that private sector firms increasingly seek direct access through funding public R&D. This development, however, spurred concerns about possible negative long-run effects on scientific...
Persistent link: https://www.econbiz.de/10008796153
University research provides valuable inputs to industrial innovation. It is therefore not surprising that private sector firms increasingly seek direct access through funding public R&D. This development, however, spurred concerns about possible negative long-run effects on scientific...
Persistent link: https://www.econbiz.de/10009152551
We empirically analyze whether support by the parent organization in the early (nascent and seed) stage speeds up the … identify the impact of support by the parent organization, we apply multivariate regression techniques as well as an … instrumental variable approach. Our results show that support in the early stage by the parent organization can speed up …
Persistent link: https://www.econbiz.de/10011346749
Academic inventions are key drivers of technical progress in modern economies, and exclusive licensing has become the dominant means of transfer to the private sector. However, the strong licensee incentives generated by exclusive academic licensing are generally assumed to come at the expense...
Persistent link: https://www.econbiz.de/10013048207
The patent system gives the courts discretion to tailor patentability standards flexibly across technologies to provide optimal incentives for innovation. For chemical inventions, the courts deem them unpatentable if the chemical lacks a practical, non-research-based use at the time patent...
Persistent link: https://www.econbiz.de/10013246347
This paper investigates whether engagement in consulting activities has a significant impact on the research performance of academic scientists. The study relies on a sample of 2678 individual faculty, from five Spanish universities, who have been recipients of publicly funded grants or have...
Persistent link: https://www.econbiz.de/10014182358