nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2017‒06‒11
one paper chosen by
Giovanni Ramello
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

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

  1. 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

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