On the Price Elasticity of Demand for Patents

@article{deRassenfosse2012OnTP,
  title={On the Price Elasticity of Demand for Patents},
  author={Ga{\'e}tan de Rassenfosse and Bruno van Pottelsberghe de la Potterie},
  journal={IO: Productivity},
  year={2012}
}
This paper investigates whether patent fee policies are a potential factor underlying the boom in patent applications observed in major patent offices. We provide the first panel-based evidence suggesting that fees affect the demand for patents in three major patent offices (EPO, USPTO and JPO), with a price elasticity of about -0.4 (similar to that of the residential demand for oil or water). The laxity of fee policies adopted by patent offices over the past 25 years therefore contributed, to… 
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References

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THE ROLE OF FEES IN PATENT SYSTEMS: THEORY AND EVIDENCE
This paper reviews the economic literature on the role of fees in patent systems. Two main research questions are usually addressed: the impact of patent fees on the behavior of applicants and the
Per Un Pugno Di Dollari: A First Look at the Price Elasticity of Patents
This paper analyzes the role of patent filing fees requested by the member states of the European Patent Convention (EPC). We provide a first empirical evidence showing that the fee elasticity of the
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The European Patent Office (EPO) provides a simplified, and less costly, means of seeking patent protection in the majority of European countries. We discuss issues in measurement of patenting raised
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The objective of this paper is to assess to what extent the cost of patenting affects the demand for patents. The empirical analysis, which focuses on the patent systems of the USA, Japan, and Europe
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A socially optimal structure of application and renewal fees for patents would encourage the maximal number of applications while reducing effective patent length. We find, however, that when patent
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The explosion in the patenting rate in the U.S. during the last half of the 1990s is often attributed partly to an apparent decline in examination standards. We estimate a simultaneous equation model
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