The Market for Patents in Europe
AbstractBy using the PatVal-EU dataset we find that the most important determinant of patent licensing is firm size. Patent breadth, value, protection, and other factors suggested by the literature also have an impact, but not as important. In addition, most of these factors affect the willingness to license, but not whether a license actually takes place. We discuss why this suggests that there are transaction costs in the markets for technology. The issue is important because many potential licenses are not licensed suggesting that the markets for technology can be larger, with implied economic benefits.
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Bibliographic InfoPaper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 2006/04.
Date of creation: 09 Feb 2006
Date of revision:
Licensing; Patent scope; Complementary assets; Firm size; Markets for technology;
Other versions of this item:
- NEP-ALL-2006-02-12 (All new papers)
- NEP-EEC-2006-02-12 (European Economics)
- NEP-INO-2006-02-12 (Innovation)
- NEP-MIC-2006-02-12 (Microeconomics)
- NEP-TID-2006-02-12 (Technology & Industrial Dynamics)
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