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来源类型Working Paper
规范类型报告
DOI10.3386/w28534
来源IDWorking Paper 28534
Science and the Market for Technology
Ashish Arora; Sharon Belenzon; Jungkyu Suh
发表日期2021-03-08
出版年2021
语种英语
摘要Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality inventions, reliance on science may enhance gains from trade and reduce the transfer cost of knowledge and other transaction costs. Using large scale data, we show that patents citing science are more likely to be traded, especially for novel patents and for smaller inventors. Leveraging the fall of the Berlin Wall as a source of exogenous variation in the relevant scientific knowledge to technological fields, we confirm reliance on science increases the likelihood that the invention will be traded
主题Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w28534
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/586207
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GB/T 7714
Ashish Arora,Sharon Belenzon,Jungkyu Suh. Science and the Market for Technology. 2021.
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