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

Listed author(s):
  • Jinyoung Kim

    ()

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

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File URL: http://hdl.handle.net/10.1007/s11151-015-9468-x
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Article provided by Springer & The Industrial Organization Society in its journal Review of Industrial Organization.

Volume (Year): 47 (2015)
Issue (Month): 2 (September)
Pages: 195-218

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Handle: RePEc:kap:revind:v:47:y:2015:i:2:p:195-218
DOI: 10.1007/s11151-015-9468-x
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