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Racing against time in research : a study of the 1995 U.S. patent law amendment / Jinyoung Kim (Korea University and IZA) ; IZA Institute of Labor Economics
VerfasserKim, Jinyoung
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, May 2017
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1 Online-Ressource (33 Seiten) : Diagramme
SerieDiscussion paper ; no. 10815
URNurn:nbn:de:hbz:5:2-126217 
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dp10815.pdf [0.46 mb]Racing against time in research
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Zusammenfassung

Teamwork in research has been on the rise and so has the size of R&D teams. This paper offers an explanation for increasing team size that we call the “racing against time” hypothesis: With innovation races more competitive globally, R&D firms need to finish research projects as quickly as possible and therefore have an incentive to put together a team with more R&D personnel. We test this hypothesis against a natural experiment that took place in 1995 when the U.S. patent law was amended.