The role of patents for bridging the science to market gap
By: Thomas Hellmann,.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11460; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11460.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Patents.; Technology transfer.; Research.
Description: "This paper examines an ex-post rationale for the patenting of scientific discoveries.  In this model, scientist do not know which firms can make use of their discoveries, and firms do not know which scientific discoveries might be useful to them.  To bridge this gap, either or both sides need to engage in costly search activities.  Patents determine the appropriability of scientific discoveries, which affects the scientists.  and firms.  willingness to engage in search.  Patents decrease dissemination when the search intensity of firms is sufficiently elastic, relative to that of scientists.  The model also examines the role of universities.  Patents facilitate the delegation of search activities to the universities%u2019 technology transfer offices, which enables efficient specialization.  Rather than distracting scientists from doing research, patenting may be a complement to doing research"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 7/6/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.