University Innovation and the Professor's Privilege
By Hans K. Hvide, Benjamin F. Jones. The American Economic Review, 2016
151 citations recorded by the source corpus.
National policies take varied approaches to encouraging university- based innovation. This paper studies a natural experiment: the end of the “professor's privilege” in Norway, where university researchers previously enjoyed full rights to their innovations. Upon the reform, Norway moved toward the typical US model, where the university holds majority rights. Using comprehensive data on Norwegian workers, firms, and patents, we find a 50 percent decline in both entrepreneurship and patenting rates by university researchers after the reform. Quality measures for university start-ups and patents also decline. Applications to literature on university technology transfer, innovation incentives, and taxes and entrepreneurship are considered. (JEL I23, L26, M13, O31, O33, O34)
Subfields: Economics and Econometrics, Management of Technology and Innovation
View Paper: https://www.semanticscholar.org/paper/764ed7fc855bbef3fcb195ecc6bc22a92829c184
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In Economics and Econometrics
In Management of Technology and Innovation
Citations in the corpus
- Commercializing university research in transition economies: Technology transfer offices or direct industrial funding? (2019, background): “signed between a private company and an inventor (inventor-ownership system) (Perkmann and 387 Walsh, 2010; Hvide and Jones, 2016) and not between a private company and a TTO (university388 ownership system), when inventor may not be able to claim IP rights.”