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The Value of Patents and Patenting Strategies: Countries and Technology Areas Patterns

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Author Info
Dominique Guellec
Bruno van Pottelsberghe de la Potterie

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Abstract

This paper explores the determinants of the probability for a patent application to result in a grant (as opposed to being rejected by the patent office or withdrawn by the patentee). A grant is interpreted as signaling the value of the invention. Guellec and van Pottelsberghe (2000) studied the common determinants for OECD countries and technological fields. This paper extends their analysis by exploring determinants specific to countries and technological fields. Technological diversity, cross-border ownership of inventions, domestic and international research co-operation, the number of applicants, the combination of designated states for protection, the patenting procedure, the technological category and the geographical origin of an invention are all characteristics that significantly affect the probability of a patent application to be granted. Overall there is little heterogeneity across countries, and no heterogeneity across technology fields. Only Japan displays significant differences with other countries.

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Article provided by Taylor and Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 11 (2002)
Issue (Month): 2 (January)
Pages: 133-148
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Handle: RePEc:taf:ecinnt:v:11:y:2002:i:2:p:133-148

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Related research
Keywords: Patents; Invention Value; Intellectual Property Rights;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bronwyn H. Hall, Adam Jaffe and Manuel Trajtenberg., 2000. "Market Value and Patent Citations: A First Look," Economics Working Papers E00-277, University of California at Berkeley. [Downloadable!]
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  2. Adam B. Jaffe & Michael S. Fogarty & Bruce A. Banks, 1997. "Evidence from Patents and Patent Citations on the Impact of NASA and Other Federal Labs on Commercial Innovation," NBER Working Papers 6044, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Lanjouw, Jean O & Pakes, Ariel & Putnam, Jonathan, 1998. "How to Count Patents and Value Intellectual Property: The Uses of Patent Renewal and Application Data," Journal of Industrial Economics, Blackwell Publishing, vol. 46(4), pages 405-32, December. [Downloadable!] (restricted)
  4. Guellec, Dominique & Pottelsberghe de la Potterie, Bruno v., 2000. "Applications, grants and the value of patent," Economics Letters, Elsevier, vol. 69(1), pages 109-114, October. [Downloadable!] (restricted)
  5. Ariel Pakes & Mark Schankerman, 1979. "The Rate of Obsolescence Of Knowledge, Research Gestation Lags, and the Private Rate of Return to Research Resources," NBER Working Papers 0346, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Pakes, Ariel S, 1986. "Patents as Options: Some Estimates of the Value of Holding European Patent Stocks," Econometrica, Econometric Society, vol. 54(4), pages 755-84, July. [Downloadable!] (restricted)
  7. Ariel Pakes, 1986. "Patents as Options: Some Estimates of the Value of Holding European Patent Stocks," NBER Working Papers 1340, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Lanjouw, Jean Olson, 1998. "Patent Protection in the Shadow of Infringement: Simulation Estimations of Patent Value," Review of Economic Studies, Blackwell Publishing, vol. 65(4), pages 671-710, October. [Downloadable!] (restricted)
  9. Jean O. Lanjouw & Ariel Pakes & Jonathan Putnam, 1996. "How to Count Patents and Value Intellectual Property: Uses of Patent Renewal and Application Data," NBER Working Papers 5741, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. van Dijk, Theon & Duysters, Geert, 1998. "Passing the European Patent Office: evidence from the data-processing industry," Research Policy, Elsevier, vol. 27(9), pages 937-946, December. [Downloadable!] (restricted)
  11. Guellec, Dominique & Pottelsberghe de la Potterie, Bruno v., 2001. "The internationalisation of technology analysed with patent data," Research Policy, Elsevier, vol. 30(8), pages 1253-1266, October. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. van Pottelsberghe, Bruno & van Zeebroeck, Nicolas, 2007. "A Brief History of Space and Time: the Scope-Year Index as a Patent Value Indicator Based on Families and Renewals," CEPR Discussion Papers 6321, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. van Pottelsberghe, Bruno & van Zeebroeck, Nicolas, 2008. "Filing Strategies and Patent Value," CEPR Discussion Papers 6821, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  3. Eleftherios Sapsalis & Bruno Van Pottelsberghe & Ran Navon, 2006. "Academic Patenting vs. Industry Patenting: An in-depth analysis of what determines patent value," Working Papers CEB 05-008.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
  4. Eleftherios Sapsalis & Bruno Van Pottelsberghe, 2005. "The institutional sources of knowledge and the value of academic patents," Working Papers CEB 04-003.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
    Other versions:
  5. Alfons Palangkaraya & Paul H. Jensen & Elizabeth Webster, 2005. "Determinants of International Patent Examination Outcomes," Melbourne Institute Working Paper Series wp2005n06, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
  6. Nicolas van Zeebroeck & Bruno Van Pottelsberghe & Dominique Guellec, 2006. "Claiming more: the increased voluminosity of patent applications and its determinants," Working Papers CEB 06-018.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
    Other versions:
  7. Nicolas van Zeebroeck, 2008. "Long live patents: the increasing life expectancy of patent applications and its determinants," Working Papers CEB 08-040.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
  8. Nicolas van Zeebroeck, 2007. "The puzzle of patent value indicators," Working Papers CEB 07-023.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
  9. Reinhard Haupt & Matthias Korgel, 2005. "A Comparison between US and International Patent Classification as Input Data of a Technology Competition-Oriented Cluster Analysis," Jenaer Schriften zur Wirtschaftswissenschaft 20/2005, Friedrich-Schiller-Universit�t Jena, Wirtschaftswissenschaftliche Fakult�t. [Downloadable!]
  10. Paul H. Jensen & Alfons Palangkaraya & Elizabeth Webster, 2005. "Patent Application Outcomes across the Trilateral Patent Offices," Melbourne Institute Working Paper Series wp2005n05, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
  11. Nicolas van Zeebroeck, 2008. "Développement et impact des stratégies de dépôt de brevets," Working Papers CEB 08-041.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
    Other versions:
  12. Nicolas van Zeebroeck, 2007. "Patents only live twice: a patent survival analysis in Europe," Working Papers CEB 07-028.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
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