IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v40y2007i2p229-240.html
   My bibliography  Save this article

Technology strategy for enhancing the public-to-private technology transfer: evidence from the duration of patent

Author

Listed:
  • Yoon-Jun Lee
  • Jeong-Dong Lee

Abstract

Patents are typically characterized as assets of great values. Nevertheless, there are many patents that are actually never used. In this article, we claim that there is a relationship between the duration of patents and the characteristics of the underlying invention. From the viewpoint of Public Research Institutes, the duration of patents may be a proxy of probability of technology transfer because the long lived patents have higher value and more chances to be transferred. We characterize the patents along different dimensions captured by the renewal and application data, i.e. collaboration, scope, competitiveness and attractiveness. The results of hazard rate duration analysis tell us that long lived patents are characterized by being more focused, having more competitiveness, and being more collaborative. In addition, it is analysed that patents in chemical industry expire faster than those in electrical/electronic industry. Though this fact is against the general intuition, it may be reasonable from a viewpoint of technology transfer.

Suggested Citation

  • Yoon-Jun Lee & Jeong-Dong Lee, 2007. "Technology strategy for enhancing the public-to-private technology transfer: evidence from the duration of patent," Applied Economics, Taylor & Francis Journals, vol. 40(2), pages 229-240.
    • Handle: RePEc:taf:applec:v:40:y:2007:i:2:p:229-240
    DOI: 10.1080/00036840600749854
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840600749854
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036840600749854?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bronwyn H. Hall and Marie Ham., 1999. "The Patent Paradox Revisited: Determinants of Patenting in the US Semiconductor Industry, 1980-94," Economics Working Papers E99-268, University of California at Berkeley.
    2. Palomeras, Neus, 2003. "Sleeping patents: any reason to wake up?," IESE Research Papers D/506, IESE Business School.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nicolas van Zeebroeck & Bruno van Pottelsberghe de la Potterie, 2011. "The vulnerability of patent value determinants," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(3), pages 283-308.
    2. Carl Shapiro, 2001. "Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard Setting," NBER Chapters, in: Innovation Policy and the Economy, Volume 1, pages 119-150, National Bureau of Economic Research, Inc.
    3. Mario Calderini & Andrea Giannaccari, 2006. "Standardisation in the ICT sector: The (complex) interface between antitrust and intellectual property," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(6), pages 543-567.
    4. Gambardella, Alfonso & Giuri, Paola & Luzzi, Alessandra, 2007. "The market for patents in Europe," Research Policy, Elsevier, vol. 36(8), pages 1163-1183, October.
    5. Nicolas van Zeebroeck & Bruno van Pottelsberghe de la Potterie, 2011. "Filing strategies and patent value," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(6), pages 539-561, February.
    6. Jianhua Hou & Xiucai Yang, 2019. "Patent sleeping beauties: evolutionary trajectories and identification methods," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(1), pages 187-215, July.
    7. Reul, Ervilia & Tietze, Frank & Herstatt, Cornelius, 2007. "Exploring the correlation of patent ownership and firm success: Cases from the LCD flat panel display industry," Working Papers 47, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    8. Enrique Schroth & Dezsö Szalay, 2010. "Cash Breeds Success: The Role of Financing Constraints in Patent Races," Review of Finance, European Finance Association, vol. 14(1), pages 73-118.
    9. Sunghun Chung & Animesh Animesh & Kunsoo Han & Alain Pinsonneault, 2019. "Software Patents and Firm Value: A Real Options Perspective on the Role of Innovation Orientation and Environmental Uncertainty," Information Systems Research, INFORMS, vol. 30(3), pages 1073-1097, September.
    10. Kenney, Martin & Richard Goe, W., 2004. "The role of social embeddedness in professorial entrepreneurship: a comparison of electrical engineering and computer science at UC Berkeley and Stanford," Research Policy, Elsevier, vol. 33(5), pages 691-707, July.
    11. Jianhua Hou & Xiucai Yang & Haoyang Song & Haiyue Yao, 2023. "Will patent family be dormant? Research on the identification and characteristics of sleeping beauty’s patent family," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(10), pages 5361-5387, October.
    12. Chi Leung & Yue Kwok, 2011. "Real options game analysis of sleeping patents," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 34(1), pages 41-65, May.
    13. Paola Giuri & Myriam Mariani & Stefano Brusoni & Gustavo Crespi & Dominique Francoz & Alfonso Gambardella & Walter Garcia-Fontes & Aldo Geuna & Raul Gonzales & Dietmar Harhoff & Karin Hoisl & Christia, 2005. "Everything you Always Wanted to Know about Inventors (but Never Asked): Evidence from the PatVal-EU Survey," LEM Papers Series 2005/20, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    14. Thomas Hoeren & Francesca Guadagno & Sacha Wunsch-Vincent, 2015. "Breakthrough technologies - Semiconductor, innovation and intellectual property," WIPO Economic Research Working Papers 27, World Intellectual Property Organization - Economics and Statistics Division.
    15. Ueda, Masako & Hirukawa, Masayuki, 2008. "Venture Capital and Innovation: Which is First?," CEPR Discussion Papers 7090, C.E.P.R. Discussion Papers.
    16. Alberto Di Minin & Mario Benassi, 2008. "Playing In Between: Patents’ Brokers In Markets For Technology," Working Papers 200802, Scuola Superiore Sant'Anna of Pisa, Istituto di Management.
    17. Illoong Kwon, 2008. "Patent Portfolio Race and Secrecy," Discussion Papers 08-05, University at Albany, SUNY, Department of Economics.
    18. Giuri, Paola & Mariani, Myriam, 2007. "Inventors and invention processes in Europe: Results from the PatVal-EU survey," Research Policy, Elsevier, vol. 36(8), pages 1105-1106, October.
    19. Bekkers, Rudi & Duysters, Geert & Verspagen, Bart, 2002. "Intellectual property rights, strategic technology agreements and market structure: The case of GSM," Research Policy, Elsevier, vol. 31(7), pages 1141-1161, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:40:y:2007:i:2:p:229-240. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.