The Determinants of Faculty Patenting Behavior: Demographics or Opportunities?
AbstractWe examine the individual, contextual, and institutional determinants of faculty patenting behavior in a panel dataset spanning the careers of 3,884 academic life scientists. Using a combination of discrete time hazard rate models and fixed effects logistic models, we find that patenting events are preceded by a flurry of publications, even holding constant time-invariant scientific talent and the latent patentability of a scientist's research. Moreover, the magnitude of the effect of this flurry is influenced by context --- such as the presence of coauthors who patent and the patent stock of the scientist's university. Whereas previous research emphasized that academic patenters are more accomplished on average than their non-patenting counterparts, our findings suggest that patenting behavior is also a function of scientific opportunities. This result has important implications for the public policy debate surrounding academic patenting.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11348.
Date of creation: May 2005
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Publication status: published as Pierre Azoulay, Waverly Ding, Toby Stuart. "The Determinants of Faculty Patenting Behavior: Demographics or Opportunities?," in Adam Jaffe, Josh Lerner, Scott Stern, Marie Thursby, organizers, "Academic Science and Entrepreneurship: Dual Engines of Growth" Journal of Economic Behavior and Organization, 63(4) (Elsevier) (2007)
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Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-05-23 (All new papers)
- NEP-INO-2005-05-23 (Innovation)
- NEP-TID-2005-05-23 (Technology & Industrial Dynamics)
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