IDEAS home Printed from https://ideas.repec.org/a/taf/ecinnt/v14y2005i6p499-515.html
   My bibliography  Save this article

University patents, R&D competition, and social welfare

Author

Listed:
  • Roberto Mazzoleni

Abstract

Although university patenting has increased dramatically over the past three decades, debates persist regarding the broad economic implications of the phenomenon. This article examines the social welfare implications of university patenting in a model of R&D competition in which firms develop innovations on the basis of the disclosure of a university invention. When such disclosure does not preempt the patenting of downstream innovations, university patenting enhances social welfare only if a regime of open access to university inventions is characterized by excessive aggregate R&D from the viewpoint of social welfare. When the university invention disclosure preempts patenting on firms' innovations, the nature of the open access equilibrium in the R&D market depends on the threat of imitation ex post. Only when the threat of imitation is sufficiently strong firms will not invest in downstream R&D in the open access regime. In this case, university patenting promotes R&D investment and increases social welfare.

Suggested Citation

  • Roberto Mazzoleni, 2005. "University patents, R&D competition, and social welfare," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 14(6), pages 499-515.
  • Handle: RePEc:taf:ecinnt:v:14:y:2005:i:6:p:499-515
    DOI: 10.1080/1043859042000269124
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/1043859042000269124
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gustavo A. Crespi & Aldo Geuna & Bart Verspagen, 2007. "University IPRs and Knowledge Transfer. Is the IPR ownership model more efficient?," ICER Working Papers 02-2007, ICER - International Centre for Economic Research.
    2. Roberto Mazzoleni, 2006. "The Effects of University Patenting and Licensing on Downstream R&D Investment and Social Welfare," The Journal of Technology Transfer, Springer, vol. 31(4), pages 431-441, July.
    3. Rosell, Carlos & Agrawal, Ajay, 2009. "Have university knowledge flows narrowed?: Evidence from patent data," Research Policy, Elsevier, vol. 38(1), pages 1-13, February.
    4. Kopf, Dennis A., 2007. "Endogenous growth theory applied: Strategies for university R&D," Journal of Business Research, Elsevier, vol. 60(9), pages 975-978, September.
    5. Carlos Rosell & Ajay Agrawal, 2006. "University Patenting: Estimating the Diminishing Breadth of Knowledge Diffusion and Consumption," NBER Working Papers 12640, National Bureau of Economic Research, Inc.
    6. Aldo Geuna & Alessandro Muscio, 2008. "The governance of University knowledge transfer," SPRU Working Paper Series 173, SPRU - Science and Technology Policy Research, University of Sussex.
    7. Nicola Lacetera, 2009. "Academic entrepreneurship," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(7), pages 443-464.
    8. LUCIANO MARTINS COSTA PÓVOA & Márcia SiqueiraRapini, 2011. "Technology Transferfrom Universities And Public Research Institutes To Firms In Brazil:What Is Transferred And How The Transfer Is Made," Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting] 149, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].

    More about this item

    Keywords

    University patents; R&D competition; Licensing;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ecinnt:v:14:y:2005:i:6:p:499-515. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/GEIN20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.