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.
| Original language | English |
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| Title of host publication | Book of Abstracts. EPIP 2022 : Opening IP for a Better World? |
| Number of pages | 1 |
| Place of Publication | Cambridge |
| Publisher | University of Cambridge |
| Publication date | 2022 |
| Pages | 18 |
| Publication status | Published - 2022 |
| Event | The 2022 Annual Conference of EPIP - University of Cambridge, Cambridge, United Kingdom Duration: 14 Sept 2022 → 16 Sept 2022 https://epip2022.org/ |
Conference
| Conference | The 2022 Annual Conference of EPIP |
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| Location | University of Cambridge |
| Country/Territory | United Kingdom |
| City | Cambridge |
| Period | 14/09/2022 → 16/09/2022 |
| Internet address |