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Increased patenting and commercial engagement on US campuses, I argue, has dramatically altered the rules that govern inter-university competition.
Plain regressions on university level datasets suggest that the incentive effects documented by the inventors' survey fail to translate into increased patenting or licensing income.
The most significant change in the content of research at these universities, one associated with increased patenting and licensing at both universities before and after 1980, was the rise of biomedical research and inventive activity, but Bayh Dole had little to do with this growth.
If the same pattern applies for Germany, increased patenting may hamper economic and knowledge development.
Empirical evidence analysing Bayh-Dole-type policy changes in developed countries, particularly the US, do not conclusively demonstrate the commercial viability of increased patenting of publicly funded inventions.
From patenting figures presented here, it is not possible to look into the commercial success or sustainability of the increased patenting.
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In a study of 150 years of patent policies in 60 countries, Mr. Lerner found that there was no evidence that increased patent protection in developing countries led to increased innovation among domestic companies.
The view of IP in terms of risk mitigation will likely make small technology companies the next beneficiaries of the increased patent values.
While it has been argued that the increased patent valuations amount to a patent bubble, these valuations signal a new view of patents as an IP risk mitigation strategy that minimizes exposure to IP threats.
Never mind that these deals did nothing to reduce the barriers that protected highly paid professionals like doctors or lawyers or that they actually increased patent protection on drugs and other products.
The Project will observe for changes in Federal and State government pharmaceutical expenditure associated with AUSFTA provisions – increased patent protection leading to delays in generic entry for example.
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