What do Scientists Want: Money or Fame?
AbstractWhat makes scientists patent and disclose inventions to employers? Using a new dataset on Max Planck scientists, we explore their motivations to patent and/or disclose inventions. We propose that patenting need not be used for monetary benefits. Scientists value reputation as important use patenting and disclosures as a signal to gain it. We find that it is not monetary benefits that drive patenting and disclosures but expectation of reputation. We also find that experience with the employer matters for disclosure of inventions. This may imply that patents are indeed used as information transfer mechanisms with prime motivation being reputation.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2008-032.
Date of creation: 08 Apr 2008
Date of revision:
university patenting; inventors; incentives;
Find related papers by JEL classification:
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property Rights
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-05-31 (All new papers)
- NEP-INO-2008-05-31 (Innovation)
- NEP-IPR-2008-05-31 (Intellectual Property Rights)
- NEP-SOG-2008-05-31 (Sociology of Economics)
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- C. Wickramasinghe & Nobaya Ahmad & Sharifah Rashid & Zahid Emby, 2011. "Impact of Subjective Well-Being on Success of Technological Knowledge Creation among Independent Inventors in Developing Countries: A First Look at Sri Lanka," Journal of the Knowledge Economy, Springer, vol. 2(3), pages 432-452, September.
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