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Individual inventors and market potentials: Evidence from US patents

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  • Christos Agiakloglou
  • Kyriakos Drivas
  • Dimitris Karamanis

Abstract

This paper examines the propensity for patents by individual inventors to be commercialized. By exploiting a peculiarity of the US patent system, concerning the different patent renewal fees paid in order to obtain small or large entity status, we are able to distinguish patents that become part of a large corporation’s patent portfolio. Using an extensive dataset of US patents, for both domestic and foreign individual inventors, we find that patent characteristics, size of research teams, prior patenting experience and past corporate patenting activity are positively associated with an increased likelihood of transferring patent rights to large corporations.

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  • Christos Agiakloglou & Kyriakos Drivas & Dimitris Karamanis, 2016. "Individual inventors and market potentials: Evidence from US patents," Science and Public Policy, Oxford University Press, vol. 43(2), pages 147-156.
    • Handle: RePEc:oup:scippl:v:43:y:2016:i:2:p:147-156.
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    4. Chung, Jaemin & Ko, Namuk & Kim, Hyeonsu & Yoon, Janghyeok, 2021. "Inventor profile mining approach for prospective human resource scouting," Journal of Informetrics, Elsevier, vol. 15(1).
    5. Andreas Panagopoulos & Stelios Rozakis & Katerina Sideri & Afroditi Anagnosti, 2019. "University Technology Transfer and Agricultural Science Entrepreneurial Education: a View from Inside," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1466-1481, December.

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    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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