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Title: University Innovation and the Professor's Privilege

Author(s): Hans K Hvide and Benjamin Jones

Publication Date: February 2016

Keyword(s):

Programme Area(s): Labour Economics and Public Economics

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.

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Bibliographic Reference

Hvide, H and Jones, B. 2016. 'University Innovation and the Professor's Privilege'. London, Centre for Economic Policy Research. http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=11139