1. On-line Appendix for 'Academic Entrepreneurship: Bayh-Dole versus the Professor’s Privilege'
- Author
-
Anders Broström, Pontus Braunerhjelm, Serguey Braguinsky, Thomas B. Astebro, Joseph L. Rotman School of Management, University of Toronto, Department of Industrial Economics and Management, Royal Institute of Technology [Stockholm] (KTH ), Division of Economics, and HEC Paris Research Paper Series
- Subjects
Labour economics ,Entrepreneurship ,business.industry ,JEL: N - Economic History/N.N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy/N.N3.N32 - U.S. • Canada: 1913 ,Distribution (economics) ,JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J20 - General ,Intellectual property ,Professor’s Privilege ,Incentive ,Bayh dole ,Bayh-Dole ,Political science ,Academic entrepreneurship ,JEL: L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior/L.L2.L26 - Entrepreneurship ,[SHS.GESTION]Humanities and Social Sciences/Business administration ,business ,Privilege (social inequality) - Abstract
This paper contains the on on-line appendix to the paper with the same title forthcoming in ILRR.; Is the Bayh-Dole intellectual property regime associated with more and better academic entrepreneurship than the Professor Privilege regime? The authors examine data on US PhDs in the natural sciences, engineering, and medical fields who became entrepreneurs in 1993–2006 and compare this to similar data from Sweden. They find that, in both countries, those with an academic background have lower rates of entry into entrepreneurship than do those with a non-academic background. The relative rate of academics starting entrepreneurial firms is slightly lower in the United States than in Sweden. Moreover, the mean economic gains from becoming an entrepreneur are negative, both for PhDs originating in academia and non-academic settings in both countries. Analysis indicates that selection into entrepreneurship occurs from the lower part of the ability distribution among academics. The results suggest that policies aimed at supporting entrepreneurial decisions by younger, tenure-track academics may be more effective than general incentives at increasing academic entrepreneurship in general.
- Published
- 2018