Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment

Jinyoung Kim

No 10815, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Teamwork in research has been on the rise and so has the size of R&D teams. This paper offers an explanation for increasing team size that we call the "racing against time" hypothesis: With innovation races more competitive globally, R&D firms need to finish research projects as quickly as possible and therefore have an incentive to put together a team with more R&D personnel. We test this hypothesis against a natural experiment that took place in 1995 when the U.S. patent law was amended.

Keywords: patent; R&D; team size; teamwork; racing against time (search for similar items in EconPapers)
JEL-codes: D23 J23 O32 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2017-05
New Economics Papers: this item is included in nep-ino, nep-ipr and nep-lma
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