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Individual inventors and market potentials: Evidence from US patents

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  • Christos Agiakloglou
  • Kyriakos Drivas
  • Dimitris Karamanis

Abstract

This paper examines the propensity for patents by individual inventors to be commercialized. By exploiting a peculiarity of the US patent system, concerning the different patent renewal fees paid in order to obtain small or large entity status, we are able to distinguish patents that become part of a large corporation’s patent portfolio. Using an extensive dataset of US patents, for both domestic and foreign individual inventors, we find that patent characteristics, size of research teams, prior patenting experience and past corporate patenting activity are positively associated with an increased likelihood of transferring patent rights to large corporations.

Suggested Citation

  • Christos Agiakloglou & Kyriakos Drivas & Dimitris Karamanis, 2016. "Individual inventors and market potentials: Evidence from US patents," Science and Public Policy, Oxford University Press, vol. 43(2), pages 147-156.
  • Handle: RePEc:oup:scippl:v:43:y:2016:i:2:p:147-156.
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    File URL: http://hdl.handle.net/10.1093/scipol/scv022
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    References listed on IDEAS

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    1. Hall, B. & Jaffe, A. & Trajtenberg, M., 2001. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools," Papers 2001-29, Tel Aviv.
    2. Meyer, M., 2005. "Independent inventors and public support measures: insights from 33 case studies in Finland," World Patent Information, Elsevier, pages 113-123.
    3. Lawson Cornelia & Sterzi Valerio, 2012. "The role of early career factors in academic patenting," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201201, University of Turin.
    4. Schettino, Francesco & Sterlacchini, Alessandro & Venturini, Francesco, 2013. "Inventive productivity and patent quality: Evidence from Italian inventors," Journal of Policy Modeling, Elsevier, pages 1043-1056.
    5. Braunerhjelm, Pontus & Svensson, Roger, 2007. "The inventor's role: was Schumpeter right?," Working Paper Series in Economics and Institutions of Innovation 78, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    6. Schettino, Francesco & Sterlacchini, Alessandro & Venturini, Francesco, 2013. "Inventive productivity and patent quality: Evidence from Italian inventors," Journal of Policy Modeling, Elsevier, pages 1043-1056.
    7. Pontus Braunerhjelm & Roger Svensson, 2010. "The inventor’s role: was Schumpeter right?," Journal of Evolutionary Economics, Springer, pages 413-444.
    8. Pontus Braunerhjelm & Roger Svensson, 2010. "The inventor’s role: was Schumpeter right?," Journal of Evolutionary Economics, Springer, pages 413-444.
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    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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