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

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  • Dominique Guellec
  • Bruno Van Pottelsberghe de la Potterie

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of the probability for a patent application to result in a grant (as opposed to being rejected by the patent office or withdrawn by the patentee).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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Bibliographic Info

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

Volume (Year): 11 (2002)
Issue (Month): 2 ()
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

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  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.
  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.
  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, Wiley Blackwell, vol. 46(4), pages 405-32, December.
  4. 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.
  5. 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.
  6. Lanjouw, Jean Olson, 1998. "Patent Protection in the Shadow of Infringement: Simulation Estimations of Patent Value," Review of Economic Studies, Wiley Blackwell, vol. 65(4), pages 671-710, October.
  7. 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.
  8. 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.
  9. Bruno Van Pottelsberghe & Dominique Guellec, 2000. "Applications grants and the value of patents," ULB Institutional Repository 2013/6229, ULB -- Universite Libre de Bruxelles.
  10. Dijk, Theon van & Duysters, Geert, 1998. "Passing the European patent office: evidence from the data-processing industry," Open Access publications from Maastricht University urn:nbn:nl:ui:27-13065, Maastricht University.
  11. 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.
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