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University Licensing: Harnessing or Tarnishing Faculty Research?

In: Innovation Policy and the Economy, Volume 10

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  • Jerry Thursby
  • Marie Thursby
Abstract
The central issue we consider is whether university patent licensing, afforded by the Bayh-Dole Act, has diverted universities away from their basic research mission. The act, passed in 1980, was intended to stimulate the transfer of federally funded research to industry. While statistics on licensing activity suggest that it has served this purpose, they have also fueled debates as to whether licensing has also led faculty to abandon basic research agendas. We show that, quite to the contrary, when realistic complexities of the research environment are taken into account, it is just as natural to expect basic research productivity to have been enhanced by licensing. Our evidence on disclosure, funding, and publications (their nature and impact) of faculty in 11 universities lends credence to the notion that, rather than diverting faculty research, licensing is part of a flurry of activities that can be associated with fundamental discoveries from fairly basic research.
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Suggested Citation

  • Jerry Thursby & Marie Thursby, 2010. "University Licensing: Harnessing or Tarnishing Faculty Research?," NBER Chapters, in: Innovation Policy and the Economy, Volume 10, pages 159-189, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:11768
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    Cited by:

    1. Erika Färnstrand Damsgaard & Marie C. Thursby, 2013. "University entrepreneurship and professor privilege," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(1), pages 183-218, February.
    2. Gans, Joshua S. & Murray, Fiona E. & Stern, Scott, 2017. "Contracting over the disclosure of scientific knowledge: Intellectual property and academic publication," Research Policy, Elsevier, vol. 46(4), pages 820-835.
    3. Thursby, Jerry G. & Thursby, Marie C., 2011. "Has the Bayh-Dole act compromised basic research?," Research Policy, Elsevier, vol. 40(8), pages 1077-1083, October.
    4. Thursby, Jerry G. & Thursby, Marie C., 2011. "Faculty participation in licensing: Implications for research," Research Policy, Elsevier, vol. 40(1), pages 20-29, February.
    5. Henry Sauermann & Paula Stephan, 2013. "Conflicting Logics? A Multidimensional View of Industrial and Academic Science," Organization Science, INFORMS, vol. 24(3), pages 889-909, June.

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