Academic Patent Licenses: Roadblocks or Signposts for Nonlicensee Cumulative Innovation?

55 Pages Posted: 30 Aug 2014

See all articles by Kyriakos Drivas

Kyriakos Drivas

University of Piraeus

Zhen Lei

Pennsylvania State University

Brian D. Wright

University of California, Berkeley

Date Written: August 29, 2014

Abstract

Academic inventions are key drivers of technical progress in modern economies, and exclusive licensing has become the dominant means of transfer to the private sector. However, the strong licensee incentives generated by exclusive academic licensing are generally assumed to come at the expense of discouragement or diversion of research by nonlicensees. In a first test of this highly intuitive assumption, using data from university campuses and national research laboratories, we find that after exclusive licensing forward citations by private sector nonlicensees actually increase. An unanticipated exclusive license appears to be a signpost pointing out commercially relevant innovation pathways that nonlicensees follow with successful patented research. Tests using pre-license information disclosures support this signaling hypothesis.

Keywords: intellectual property, exclusive licensing, academic invention, innovation sequence, technology transfer, patent citations

JEL Classification: O31, O32, O33, O34, O38

Suggested Citation

Drivas, Kyriakos and Lei, Zhen and Wright, Brian D., Academic Patent Licenses: Roadblocks or Signposts for Nonlicensee Cumulative Innovation? (August 29, 2014). Available at SSRN: https://ssrn.com/abstract=2489231 or http://dx.doi.org/10.2139/ssrn.2489231

Kyriakos Drivas

University of Piraeus ( email )

Athens
Greece

HOME PAGE: http://https://sites.google.com/site/kyriakosdriv/

Zhen Lei

Pennsylvania State University ( email )

University Park
State College, PA 16802
United States

Brian D. Wright (Contact Author)

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
101
rank
248,959
Abstract Views
798
PlumX Metrics