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The Journal of Technology Transfer

, Volume 44, Issue 5, pp 1416–1426 | Cite as

The economic benefits of technology transfer from U.S. federal laboratories

  • Albert N. LinkEmail author
  • John T. Scott
Article

Abstract

In this paper we review the legislative emphasis on technology transfers from U.S. federal laboratories, and we present a framework to describe how private sector firms benefit from the adoption of technologies from federal laboratories. We conclude that if a federal laboratory can provide the technology being transferred more efficiently than the private sector can develop it, there is a social gain from the federal laboratory doing so. The social gain will be realized in part by increased profits for the private firms using the technology and in part by consumers who have higher reservation prices for higher quality products and services and who pay lower prices because firms’ costs are lower.

Keywords

Technology transfer Federal laboratories R&D 

JEL Classification

O31 O38 H40 

Notes

References

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.University of North Carolina at GreensboroGreensboroUSA
  2. 2.Dartmouth CollegeHanoverUSA

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