Transparency and the Social Benefits of Government Funded Research

Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

Abstract

I investigate the effect of increasing transparency on the social benefits of government funded research. For this purpose, I exploit two laws enacted in the United States related to government funding and improved information provision. Using these, I analyze how the change in information disclosure affects follow-on innovation of government-funded research. The results show an elevated degree of innovation building on federally funded patents after transparency increased due to additional information. I find that this effect could be attributed to a decrease in search costs and asymmetric information. Further results imply that patents funded by procurement contracts show a stronger increase in follow-on innovation compared to those funded by grants. Considering the actual amount awarded, I find a positive relationship and that patents from projects with a medium level of funding benefit in particular. These results imply a positive effect of more transparency on innovation.
OriginalsprogEngelsk
TitelBook of Abstracts. EPIP 2022 : Opening IP for a Better World?
Antal sider1
UdgivelsesstedCambridge
ForlagUniversity of Cambridge
Publikationsdato2022
Sider18
StatusUdgivet - 2022
BegivenhedThe 2022 Annual Conference of EPIP - University of Cambridge, Cambridge, Storbritannien
Varighed: 14 sep. 202216 sep. 2022
https://epip2022.org/

Konference

KonferenceThe 2022 Annual Conference of EPIP
LokationUniversity of Cambridge
Land/OmrådeStorbritannien
ByCambridge
Periode14/09/202216/09/2022
Internetadresse

Citationsformater