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Patenting, Commercialization, and US Academic Research in the 21st Century: The Resilience of Basic, Federally-Funded Open Science

Bradford L. Barham and Jeremy Foltz

No 92139, Staff Papers from University of Wisconsin-Madison, Department of Agricultural and Applied Economics

Abstract: The life sciences have been the most dynamic area of US university research and commercialization efforts over the past twenty-five years. Using unique data from a large representative sample of life scientists this work examines whether academic patenting and commercialization complement, substitute for, or “hold-up” other research activities. The results highlight the resilience of the basic, federally-funded open scientific research model. Our findings, in turn, underscore the fundamental importance of maintaining the public funding and commitment to the academic, scientific enterprise.

Keywords: Public Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 31
Date: 2007-09
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https://ageconsearch.umn.edu/record/92139/files/stpap513.pdf (application/pdf)

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Working Paper: Patenting, Commercialization, and US Academic Research in the 21st Century: The Resilience of Basic, Federally-Funded Open Science (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:wisagr:92139

DOI: 10.22004/ag.econ.92139

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