Are there real effects of licensing on academic research? a life cycle view / Marie Thursby, Jerry Thursby, Swastika Mukherjee.

Author/creator Thursby, Marie
Other author Thursby, Jerry G. (Jerry Gilbert)
Other author National Bureau of Economic Research.
Format Electronic
Publication InfoCambridge, MA : National Bureau of Economic Research,
Supplemental ContentFull text available from NBER Working Papers
Subjects

SeriesNBER working paper series ; working paper 11497
Working paper series (National Bureau of Economic Research : Online) ; working paper no. 11497. UNAUTHORIZED
Summary "Whether financial returns to university licensing divert faculty from basic research is examined in a life cycle context. As in traditional life cycle models, faculty devote more time to research, which can be either basic or applied, early and more time to leisure as they age. Licensing has real effects by increasing the ratio of applied to basic effort and reducing leisure throughout the life cycle, but basic research need not suffer. When applied effort adds nothing to the stock of knowledge, licensing reduces research output, but if applied effort leads to publishable output as well as licenses, then research output and the stock of knowledge are higher with licensing than without. When tenure is added to the system, licensing has a positive effect on research output except when the incentives to license are very high"--National Bureau of Economic Research web site.
General noteTitle from PDF file as viewed on 8/5/2005.
Bibliography noteIncludes bibliographical references.
Access restrictionAvailable only to authorized users.
Other formsAlso available in print.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2005618500

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