nep-ipr 2017-06-11 papers

on Intellectual Property Rights

Issue of 2017–06–11
one paper chosen by
Giovanni Battista Ramello, Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment By Kim, Jinyoung

Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment

By:	Kim, Jinyoung (Korea University)
Abstract:	Teamwork in research has been on the rise and so has the size of R&D teams. This paper offers an ex-planation for increasing team size that we call the "racing against time" hypothesis: With innovation races more competitive globally, R&D firms need to finish research projects as quickly as possible and therefore have an incentive to put together a team with more R&D personnel. We test this hypothesis against a natural experiment that took place in 1995 when the U.S. patent law was amended.
Keywords:	teamwork, team size, R&D, patent, racing against time
JEL:	D23 J23 O32
Date:	2017–05
URL:	https://d.repec.org/n?u=RePEc:iza:izadps:dp10815

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