nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2019‒11‒18
two papers chosen by
Giovanni Ramello
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. Concordance and Complementarity in IP Instruments By Marco Grazzi; Chiara Piccardo; Cecilia Vergari
  2. On the Transfer of Technology from Universities: The Impact of the Bayh-Dole Act of 1980 on the Institutionalization of University Research By Link, Albert; van Hasselt, Martijn

  1. By: Marco Grazzi; Chiara Piccardo; Cecilia Vergari
    Abstract: This work investigates the relationship between proxies of innovation activities, such as patents and trademarks, and firm performance in terms of revenues, growth and profitability. By resorting to the virtual universe of Italian manufacturing firms this work provides a rather complete picture of the Intellectual Property (IP) strategies pursued by Italian firms, in terms of patents and trademarks, and we study whether the two instruments for protecting IP exhibit complementarity or substitutability. In addition, and to our knowledge novel, we propose a measure of concordance (or proximity) between the patents and trademarks owned by the same firm and we then investigate whether such concordance exert any effect on performance.
    Keywords: Trademarks, Patents, Innovation, Intellectual Property, Complementarity, Concordance, Technological proximity, firm performance, firm growth, firm performance, firm growth
    Date: 2019–11
  2. By: Link, Albert (University of North Carolina at Greensboro, Department of Economics); van Hasselt, Martijn (University of North Carolina at Greensboro, Department of Economics)
    Abstract: While the academic and policy literature has focused on patent counts and patent quality as possible outcome measures to evaluate the impact of the U.S. Bayh-Dole Act of 1980, we argue that the impact of the Act on University effort to transfer its technology to the private sector might be seen more accurately by examining the trend in the initial establishment of technology transfer offices (TTOs). Using an econometric framework to identify the presence of multiple structural breaks in data on the annual number of university TTOs, we find multiple break dates over the period 1925 to 2014. One break date was in the late-1960s and a second break date occurred about 1982. We suggest, in contrast to previous findings in the literature, that the Act did have an impact on the formal internal transfer of technology from universities through patenting by providing an incentive for universities to invest in a TTO research infrastructure. We also suggest that our empirical methodology is applicable to an assessment of the impact of legislation similar to the Bayh-Dole Act in the many countries with such legislation.
    Keywords: Bayh-Dole; technology transfer; patenting; structural change;
    JEL: C22 C24 O33 O38
    Date: 2019–08–14

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