How do patent incentives affect university researchers?
Lisa Larrimore Ouellette and
International Review of Law and Economics, 2020, vol. 61, issue C
Universities and other beneficiaries of public funding for scientific research are encouraged to patent resulting inventions under the Bayh–Dole Act. This controversial framework gives academic grant recipients a direct financial stake in the success of their inventions by requiring universities to share the resulting patent royalties with inventors. This incentive for grant recipients might help justify Bayh–Dole patents when the conventional justification for exclusivity—that it is necessary for commercialization—fails to hold. But there is little evidence as to whether it works.
Keywords: Bayh–Dole; Economic incentives; Employee inventions; Patent; Replication; Universities (search for similar items in EconPapers)
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