The impact of the abolishment of the professor’s privilege on European university-owned patents
Catalina Martínez () and
Valerio Sterzi ()
Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)
Intellectual property regimes governing university inventions were quite diverse in Europe at the end of the 1990s. Several European countries maintained the so-called professor’s privilege, an exception to employment law whereby university researchers were allowed to retain the ownership of academic inventions. The 2000s were characterised by convergence towards a more homogeneous system, in which university administrations took control of IP management. We investigate the impact of the reform and we observe a decline in the technological importance and the value of the patents owned and managed by universities in the countries abolishing the professor’s privilege. On the contrary, by differentiating the academic patents by type of ownership, we find that the technological importance of academic patents owned by companies has instead increased. Our study produces some new results that may alert policymakers to the possible unintended consequences of the university ownership model.
Keywords: University-owned patents; academic-invented patents; patent quality; patent management; patent value; technology transfer (search for similar items in EconPapers)
JEL-codes: I23 L26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur, nep-ino and nep-ipr
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2019-15
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