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来源类型Working Paper
规范类型报告
DOI10.3386/w28533
来源IDWorking Paper 28533
First-mover Advantage and the Private Value of Public Science
Ashish Arora; Sharon Belenzon; Bernardo Dionisi
发表日期2021-03-08
出版年2021
语种英语
摘要Technical progress increasingly relies on the use of scientific knowledge. But if much of this knowledge is in the public domain, can it be a source of private value? We find that average private returns to using public science are small, especially in crowded technical fields, consistent with the view that the expected profit from an input that others can easily access is low. However, private value is higher when a firm is the first to use science, partly because it can secure broader patents relative to later users. Finally, corporate participation in scientific research is a strong predictor of first use, especially of relevant science. This is consistent with the view that participation in science raises familiarity with relevant scientific advances.
主题Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w28533
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586206
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GB/T 7714
Ashish Arora,Sharon Belenzon,Bernardo Dionisi. First-mover Advantage and the Private Value of Public Science. 2021.
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