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Patent design strategies: Empirical evidence from European patents

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  • Appio, Francesco Paolo
  • Baglieri, Daniela
  • Cesaroni, Fabrizio
  • Spicuzza, Lucia
  • Donato, Alessia

Abstract

Although patent assets have become increasingly valuable in recent years, companies are still facing rising patent litigation costs. Drawing on a large sample of European patents, we studied how companies fine-tuned the endogenous characteristics of their patents to pursue an optimal patent design. According to the study's findings, companies can adjust certain patent features to increase the value of their patents, but this increases the risk of patent infringement litigation. As a result, companies are frequently forced to choose between maximizing patent value and minimizing the risk of litigation.

Suggested Citation

  • Appio, Francesco Paolo & Baglieri, Daniela & Cesaroni, Fabrizio & Spicuzza, Lucia & Donato, Alessia, 2022. "Patent design strategies: Empirical evidence from European patents," Technological Forecasting and Social Change, Elsevier, vol. 181(C).
    • Handle: RePEc:eee:tefoso:v:181:y:2022:i:c:s0040162522003006
    DOI: 10.1016/j.techfore.2022.121776
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    More about this item

    Keywords

    Optimal patent design; Patent value; Patent infringement litigation; Legal astuteness; Patent strategies; European patents;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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