期刊名称：HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度：2005
卷号：2005
出版社：Harvard Institute of Economic Research
摘要：We develop a model that clarifies the respective advantages and disad- vantages
of academic and private-sector research. Our model assumes full protection of
intellectual property rights at all stages of the development process, and hence
does not rely on lack of appropriability or spillovers to generate a rationale
for academic research. Instead, we focus on control- rights considerations, and
argue that the fundamental tradeoff between academia and the private sector is
one of creative control versus focus. By serving as a precommitment mechanism
that allows scientists to freely pursue their own interests, academia can be
indispensable for early-stage research. At the same time, the private sector's
ability to direct scientists towards higher-payo¤ activities makes it more
attractive for later-stage re- search
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