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Patent Renewal Fees and Self-Funding Patent Offices

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Author Info

  • Gans Joshua S

    ()
    (Melbourne Business School, University of Melbourne)

  • King Stephen P

    ()
    (University of Melbourne)

  • Lampe Ryan

    ()
    (Stanford University)

Abstract

A socially optimal structure of application and renewal fees for patents would encourage the maximal number of applications while reducing effective patent length. We find, however, that when patent offices are required to be self-funding, resource constraints can distort this fee structure. Specifically, a financially constrained, but welfare-oriented, patent office will tend to raise initial application fees while lowering renewal fees. This creates two detriments to social welfare as it discourages the filing of some patents while extending the effective life of others.

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Bibliographic Info

Article provided by De Gruyter in its journal The B.E. Journal of Theoretical Economics.

Volume (Year): 4 (2004)
Issue (Month): 1 (July)
Pages: 1-15

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Handle: RePEc:bpj:bejtec:v:topics.4:y:2004:i:1:n:6

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Cited by:
  1. Gaetan de Rassenfosse & Bruno van Pottelsberghe de la Potterie, 2013. "The Role Of Fees In Patent Systems: Theory And Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 27(4), pages 696-716, 09.
  2. Marc Baudry & Béatrice Dumont, 2009. "A Bayesian Real Option Approach to Patents and Optimal Renewal Fees," Working Papers hal-00419330, HAL.
  3. PICARD, Pierre M. & VAN POTTELSBERGHE DE LA POTTERIE, Bruno, 2011. "Patent office governance and patent system quality," CORE Discussion Papers 2011018, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Danguy, Jérôme & van Pottelsberghe de la Potterie, Bruno, 2010. "Cost-Benefit Analysis of the Community Patent," CEPR Discussion Papers 7631, C.E.P.R. Discussion Papers.
  5. Marc Baudry & Béatrice Dumont, 2006. "Patent Renewals as Options: Improving the Mechanism for Weeding Out Lousy Patents," Review of Industrial Organization, Springer, vol. 28(1), pages 41-62, 02.
  6. Picard, Pierre M. & van Pottelsberghe de la Potterie, Bruno, 2013. "Patent office governance and patent examination quality," Journal of Public Economics, Elsevier, vol. 104(C), pages 14-25.

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