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.
| Original language | English |
|---|---|
| Pages (from-to) | 195-218 |
| Number of pages | 24 |
| Journal | Review of Industrial Organization |
| Volume | 47 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2015 Sept 18 |
Bibliographical note
Publisher Copyright:© 2015, Springer Science+Business Media New York.
Keywords
- Application filing fees
- Patent portfolio
- Patent renewal fees
- Patenting
- Renewal
- Sequential inventions
ASJC Scopus subject areas
- Economics and Econometrics
- Strategy and Management
- Organizational Behavior and Human Resource Management
- Management of Technology and Innovation