We analyze the duration of patent examination at the European Patent Office (EPO). Our data contain variables that are correlates of the applicants’ and examiners’ assessments of a patent’s economic and technical relevance as well as ex post-application citation measures which indicate the impact of the patent application on the state of the art. We present descriptive statistics for 30 major technology fields. In our multivariate analysis we estimate competing risk specifications in order to characterize differences in the processes leading to either a withdrawal of the application by the applicant, a refusal of the patent grant or an actual patent grant by the European Patent Office. Measuring a patent’s importance relying on the number of citations by subsequent patents we find that more important patents are approved faster by the EPO than less important patents but that applicants are more hesitant to withdraw these potentially valuable applications.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
5283.
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Gaétan de Rassenfosse & Bruno van Pottelsberghe, 2008.
"On the price elasticity of demand for patents,"
Working Papers CEB
08-031.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB).
[Downloadable!]
Carolin Haeussler & Dietmar Harhoff & Elisabeth Müller, 2009.
"To Be Financed or Not...- The Role of Patents for Venture Capital Financing,"
Discussion Papers
253, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
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