Home CSIS Event: Paul Jensen "Patents, Transaction Costs and Academic Research Project Choice"

CSIS Event: Paul Jensen "Patents, Transaction Costs and Academic Research Project Choice"

When Feb 20, 2014
from 12:00 PM to 01:30 PM
Where SS&H 1246 (Map: http://tinyurl.com/1246ssh)
Contact Name
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Lunch provided. Please RSVP by noon on February 18th.

Abstract: Survey data from over 3000 Australian academic scientists shows that nearly half of these scientists report that their choice of research projects has been affected (to some degree) by the presence of third-party patents. Our evidence suggests the operation of this patent-induced effect is through (a) restrictions patent owners place on the timing of follow-on publications and (b) disincentives for open exchange of information between scientists. While the need to translate science into commercial use is potentially a valuable source of productivity growth, this should be balanced against the need for openness and information sharing in the scientific realm.

Bio: Dr. Paul Jensen is Professor of Innovation, Science and Technology Policy, and the Deputy Director of Research at the Melbourne Institute, University of Melbourne. Dr. Jensen's current research interests are innovation, science policy, and technology markets. Much of his research has a strong public policy focus, and has been published in leading international journals such as RAND Journal of Economics, Review of Economics and Statistics, National Tax Journal, Oxford Economic Papers, Journal of Law & Economics, Strategic Management Journal, Cambridge Journal of Economics, Economics Letters, Health Economics, and Industrial and Corporate Change. In addition, he has undertaken commissioned research for IBM, the OECD, the European Commission, Asialink and the Victorian Department of Premier and Cabinet.

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