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On the Price Elasticity of Demand for Patents Author info | Abstract | Publisher info | Download info | Related research | Statistics Gaetan de Rassenfosse
Bruno van Pottelsberghe de la Potterie
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This paper investigates whether patent fee policies are a potential factor underlying the boom in patent applications observed in major patent offices. We provide the first panel-based evidence suggesting that fees affect the demand for patents in three major patent offices (EPO, USPTO and JPO), with a price elasticity of about -0.4 (similar to that of the residential demand for oil or water). The laxity of fee policies adopted by patent offices over the past 25 years therefore contributed, to a significant extent, to the rising propensity to patent observed since the mid-nineties. This is especially true at the European Patent Office, which has dramatically decreased its fees since the mid-1990s.
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Paper provided by Université Libre de Bruxelles, Ecares in its series ECARES Working Papers with number
2008_031.
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Length: 20 pages
Date of creation: 2008Date of revision:
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Keywords: patent cost ; patenting fees ; price elasticity ; patent systems ; propensity to patent ; Other versions of this item:
Paper de Rassenfosse, Gaétan & van Pottelsberghe, Bruno, 2008.
"On the price elasticity of demand for patents ,"
CEPR Discussion Papers
7029, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) 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!] Find related papers by JEL classification: O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports :
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.: de Rassenfosse, Gaétan & van Pottelsberghe, Bruno, 2007.
"Per un Pugno di Dollari: A first Look at the Price Elasticity of Patents ,"
CEPR Discussion Papers
6499, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Gaétan de Rassenfosse & Bruno Van Pottelsberghe, 2007.
"Per un pugno di dollari: A first look at the price elasticity of patents ,"
Working Papers CEB
07-022.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB).
[Downloadable!] Gaétan de Rassenfosse & Bruno van Pottelsberghe de la Potterie, 2007.
"Per un pugno di dollari: a first look at the price elasticity of patents ,"
Oxford Review of Economic Policy ,
Oxford University Press, vol. 23(4), pages 558-604, Winter.
[Downloadable!] (restricted) Harhoff, Dietmar & Wagner, Stefan, 2005.
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Dietmar Harhoff & Stefan Wagner, 2006.
"Modeling the Duration of Patent Examination at the European Patent Office ,"
Discussion Papers
170, 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.
[Downloadable!] Harhoff, Dietmar & Wagner, Stefan, 2006.
"Modeling the Duration of Patent Examination at the European Patent Office ,"
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[Downloadable!] Malwina Mejer & Bruno van Pottelsberghe de la Potterie, 2008.
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Other versions: Gaétan de Rassenfosse & Bruno van Pottelsberghe, 2008.
"A Policy Insight into the R&D-Patent Relationship ,"
Working Papers CEB
08-008.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB).
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Other versions:
Gaetan de Rassenfosse & Bruno van Pottelsberghe de la Potterie, 2008.
"A Policy Insight into the R&D-Patent Relationship ,"
ECARES Working Papers
2008_007, Université Libre de Bruxelles, Ecares.
[Downloadable!] de Rassenfosse, Gaétan & van Pottelsberghe, Bruno, 2008.
"A Policy Insight into the R&D-Patent Relationship ,"
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6716, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) de Rassenfosse, Gaetan & van Pottelsberghe de la Potterie, Bruno, 2009.
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Other versions: Nicolas van Zeebroeck & Bruno Van Pottelsberghe & Dominique Guellec, 2006.
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06-018.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB).
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Guellec, Dominique & van Pottelsberghe, Bruno & van Zeebroeck, Nicolas, 2006.
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[Downloadable!] (restricted) van Zeebroeck, Nicolas & van Pottelsberghe de la Potterie, Bruno & Guellec, Dominique, 2009.
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Research Policy ,
Elsevier, vol. 38(6), pages 1006-1020, July.
[Downloadable!] (restricted) Bruno, Giovanni S.F., 2005.
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Economics Letters ,
Elsevier, vol. 87(3), pages 361-366, June.
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Other versions: Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000.
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Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
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Information Economics and Policy ,
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Other versions:
Eugenio Archontopoulos & Dominique Guellec & Niels Stevnsborg & Bruno van Pottelsberghe & Nicolas van Zeebroeck, 2006.
"When small is beautiful: measuring the evolution and consequences of the voluminosity of patent applications at the EPO ,"
Working Papers CEB
06-019.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB).
[Downloadable!] Archontopoulos, Eugenio & Guellec, Dominique & Stevnsborg, Niels & van Pottelsberghe, Bruno & van Zeebroeck, Nicolas, 2006.
"When Small is Beautiful: Measuring the Evolution and Consequences of the Voluminosity of Patent Applications at the EPO ,"
CEPR Discussion Papers
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[Downloadable!] (restricted)
Full
references 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.)
Mejer, Malwina & van Pottelsberghe, Bruno, 2008.
"The London Agreement and the Cost of Patenting in Europe ,"
CEPR Discussion Papers
7033, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions: Harhoff, Dietmar & Hoisl, Karin & van Pottelsberghe de la Potterie, Bruno, 2009.
"Languages, Fees and the International Scope of Patenting ,"
Discussion Papers in Business Administration
10456, University of Munich, Munich School of Management.
[Downloadable!]
Other versions:
Dietmar Harhoff & Karin Hoisl & Bruno van Potteslberghe de la Potterie, 2009.
"Languages, Fees and the International Scope of Patenting ,"
ECARES Working Papers
2009_016, Université Libre de Bruxelles, Ecares.
[Downloadable!] Harhoff, Dietmar & Hoisl, Karin & van Pottelsberghe de la Potterie, Bruno, 2009.
"Languages, Fees and the International Scope of Patenting ,"
CEPR Discussion Papers
7241, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Marc Baudry & Béatrice Dumont, 2009.
"A Bayesian Real Option Approach to Patents and Optimal Renewal Fees ,"
Working Papers
hal-00419330_v1, HAL.
[Downloadable!]
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