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In 2003, Norway ended the "professor's privilege," in which faculty members at universities retained full financial rights to new business ventures and intellectual property they created in their university roles. In its place, Norway adopted a system similar to the United States, and now universities earn about two-thirds of such financial gains, and professors only one-third. A study released Wednesday by the National Bureau of Economic Research analyzed the results and found that Norway appears to have lost. The rates of patents and the creation of new businesses by professors dropped 50 percent under the new system. The study, available here, was by Hans K. Kvide of the University of Bergen and Benjamin F. Jones of Northwestern University.
