University Innovation and the Professor’s Privilige

Hans Krogh Hvide, Benjamin F. Jones

Research output: Working paper › Discussion paper

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Abstract

National policies take varied approaches to encouraging university-based innovation. This paper studies a natural experiment: the end of the “professor’s privilege” in Norway, where university researchers previously enjoyed full rights to their innovations. Upon the reform, Norway moved toward the typical U.S. model, where the university holds majority rights. Using comprehensive data on Norwegian workers, firms, and patents, we find a 50% decline in both entrepreneurship and patenting rates by university researchers after the reform. Quality measures for university start-ups and patents also decline. Applications to literatures on university technology transfer, innovation incentives, and taxes and entrepreneurship are considered.
Original languageEnglish
Place of PublicationAberdeen
PublisherUniversity of Aberdeen Business School
Number of pages63
Publication statusPublished - Feb 2016

Publication series

NameDiscussion Paper in Economics
PublisherUniversity of Aberdeen
No.1
Volume16
ISSN (Electronic)0143-4543

Fingerprint

Innovation
Entrepreneurship
Norway
Patents
Natural experiment
University technology transfer
Start-ups
Tax
Workers
Incentives
Patenting

Keywords

  • professor’s privilege
  • innovation rights
  • innovation incentives
  • university technology transfer
  • intellectual property rights

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Hvide, H. K., & Jones, B. F. (2016). University Innovation and the Professor’s Privilige. (Discussion Paper in Economics; Vol. 16, No. 1). Aberdeen: University of Aberdeen Business School.

University Innovation and the Professor’s Privilige. / Hvide, Hans Krogh; Jones, Benjamin F.

Aberdeen : University of Aberdeen Business School, 2016. (Discussion Paper in Economics; Vol. 16, No. 1).

Research output: Working paper › Discussion paper

Hvide, HK & Jones, BF 2016 'University Innovation and the Professor’s Privilige' Discussion Paper in Economics, no. 1, vol. 16, University of Aberdeen Business School, Aberdeen.
Hvide HK, Jones BF. University Innovation and the Professor’s Privilige. Aberdeen: University of Aberdeen Business School. 2016 Feb. (Discussion Paper in Economics; 1).
Hvide, Hans Krogh ; Jones, Benjamin F. / University Innovation and the Professor’s Privilige. Aberdeen : University of Aberdeen Business School, 2016. (Discussion Paper in Economics; 1).
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  • DP_16-1Final published version, 457 KBLicence: Unspecified