• Appropriability and the timing of innovation: Evidence from MIT inventions 

      Dechenaux, Emmanuel; Goldfarb, Brent; Shane, Scott A.; Thursby, Marie C. (Georgia Institute of Technology, 2003-04)
      At least since Arrow (1962), economists have believed that strong property rights are necessary for firms to invest in innovation. This belief was a key principle underlying the Bayh-Dole Act, which gave universities the ...