| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9735 |
| 来源ID | Working Paper 9735 |
| Appropriability and the timing of innovation: Evidence from MIT inventions | |
| Emmanuel Dechenaux; Brent Goldfarb; Scott A. Shane; Marie C. Thursby | |
| 发表日期 | 2003-05-26 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | At least since Arrow (1962), the effects of appropriability on invention have been well studied, but there has been little analysis of the effect of appropriability on the commercialization of existing inventions. Exploiting a database of 805 attempts by private firms to commercialize inventions licensed from MIT between 1980 and 1996, we explore the influence of several appropriability mechanisms on the commercialization and termination of projects to develop products based on university inventions. Our central hypothesis is that the relationship between a licensee's decision to either terminate or commercialize the invention is driven by the current market value of the invention, as well as the option value of delaying its commercialization. We use a competing risks framework that allows for non- parametric heterogeneity and correlated risks. We find that better appropriability in the sense of more effective patent strength and secrecy has a strong negative effect on the hazard of license termination. The effectiveness of learning has a strong positive effect on the hazard of technology commercialization, while lead time has a negative effect. |
| 主题 | Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w9735 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567359 |
| 推荐引用方式 GB/T 7714 | Emmanuel Dechenaux,Brent Goldfarb,Scott A. Shane,et al. Appropriability and the timing of innovation: Evidence from MIT inventions. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w9735.pdf（243KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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