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Patent Portfolio Management of Sequential Inventions: Evidence from US Patent Renewal Data

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  • Jinyoung Kim

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Abstract

This paper investigates a firm’s decisions regarding renewal and patenting of sequential inventions and tests the implications of a dynamic model of patent portfolio management where a firm makes the decisions taking into account complementarity and substitutability across sequential inventions. We use cross-price effects of renewal fees and filing fees on renewal and patenting decisions to identify complementarity or substitutability. We find that higher filing fees are associated with a lower probability of patent renewal, which supports the idea of complementarity across sequential inventions. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Jinyoung Kim, 2015. "Patent Portfolio Management of Sequential Inventions: Evidence from US Patent Renewal Data," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(2), pages 195-218, September.
  • Handle: RePEc:kap:revind:v:47:y:2015:i:2:p:195-218
    DOI: 10.1007/s11151-015-9468-x
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Kim, Jinyoung, 2017. "Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment," IZA Discussion Papers 10815, Institute for the Study of Labor (IZA).

    More about this item

    Keywords

    Application filing fees; Patent portfolio; Patent renewal fees; Patenting; Renewal; Sequential inventions; O32; O34;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • 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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