Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/170799 
Authors: 
Year of Publication: 
2017
Series/Report no.: 
IZA Discussion Papers No. 10815
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
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.
Subjects: 
patent
R&D
team size
teamwork
racing against time
JEL: 
D23
J23
O32
Document Type: 
Working Paper

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