The economic benefits of technology transfer from U.S. federal laboratories

Albert Link and John Scott

The Journal of Technology Transfer, 2019, vol. 44, issue 5, No 4, 1416-1426

Abstract: Abstract In this paper we review the legislative emphasis on technology transfers from U.S. federal laboratories, and we present a framework to describe how private sector firms benefit from the adoption of technologies from federal laboratories. We conclude that if a federal laboratory can provide the technology being transferred more efficiently than the private sector can develop it, there is a social gain from the federal laboratory doing so. The social gain will be realized in part by increased profits for the private firms using the technology and in part by consumers who have higher reservation prices for higher quality products and services and who pay lower prices because firms’ costs are lower.

Keywords: Technology transfer; Federal laboratories; R&D (search for similar items in EconPapers)
JEL-codes: H40 O31 O38 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jtecht:v:44:y:2019:i:5:d:10.1007_s10961-019-09734-z

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DOI: 10.1007/s10961-019-09734-z

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The Journal of Technology Transfer is currently edited by Albert N. Link, Donald S. Siegel, Barry Bozeman and Simon Mosey

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