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University Research, Intellectual Property Rights And European Innovation Systems

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Bart Verspagen

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Abstract

This paper surveys the literature on university patenting. From the point of view of the economic theory of patents, it is argued that patenting knowledge developed by university researchers is paradoxical: patents are normally intended to stimulate knowledge development by providing property rights, but universities operate also under a different incentive scheme, i.e. they receive public funds to perform socially useful knowledge. In the debate surrounding the so-called Bayh-Dole Act in the USA, it has, however, been argued that patents on university inventions may be necessary to stimulate technology transfer from universities to private firms. The first part of the paper addresses two major questions. First, what is the economic logic of Bayh-Dole, and, second, what were the effects on universities and the knowledge they develop? Copyright 2006 The Author Journal compilation © 2006 Blackwell Publishing Ltd.

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Publisher Info
Article provided by Blackwell Publishing in its journal Journal of Economic Surveys.

Volume (Year): 20 (2006)
Issue (Month): 4 (09)
Pages: 607-632
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Handle: RePEc:bla:jecsur:v:20:y:2006:i:4:p:607-632

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  1. Sidonia von Ledebur, 2009. "University-owned Patents in West and East Germany and the Abolition of the Professors' Privilege," Working Papers on Innovation and Space 2009-02, Philipps University Marburg, Department of Geography. [Downloadable!]
  2. Tomás del Barrio-Castro & José García-Quevedo, 2009. "The determinants of university patenting: Do incentives matter?," Working Papers 2009/13, Institut d'Economia de Barcelona (IEB). [Downloadable!]
  3. Julien Pénin, 2009. "On the consequences of university patenting: What can we learn by asking directly to academic inventors?," Working Papers of BETA 2009-04, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  4. Schneider, Cédric & Hussinger, Katrin & Czarnitzki, Dirk, 2008. "Commercializing Academic Research: The Quality of Faculty Patenting," ZEW Discussion Papers 08-069, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
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This page was last updated on 2009-12-21.


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