On the Price Elasticity of Demand for Patents

@article{Rassenfosse2012OnTP,
  title={On the Price Elasticity of Demand for Patents},
  author={G. Rassenfosse and B. V. P. D. L. 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… Expand
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