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Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment

Listed author(s):
  • Kim, Jinyoung

    ()

    (Korea University)

Registered author(s):

    Teamwork in research has been on the rise and so has the size of R&D teams. This paper offers an explanation for increasing team size that we call the "racing against time" hypothesis: With innovation races more competitive globally, R&D firms need to finish research projects as quickly as possible and therefore have an incentive to put together a team with more R&D personnel. We test this hypothesis against a natural experiment that took place in 1995 when the U.S. patent law was amended.

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    Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 10815.

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    Length: 36 pages
    Date of creation: May 2017
    Handle: RePEc:iza:izadps:dp10815
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