Market maturity, patent renewals and the pace of innovation: the case of wind power in Germany

Marc Baudry · Béatrice Dumont

10 citations0/0 files storedJournal of Innovation Economics & Management

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Intellectual Property and Patents Innovation and Knowledge Management Firm Innovation and Growth

Abstract

Our paper aims at exploring the link between market maturity and patent renewal decisions in the wind power sector. We use micro-level data on patent legal status and patent metrics from the Patstat database, as well as data on installed capacities. We estimate a micro-level model of renewal decisions that control for both patent metrics and market maturity. Our results show that renewal decisions are sensitive to market maturity. More specifically, market maturity positively affects the initial rent but increases the depreciation of the rent.JEL Codes: O3, O3, Q55

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References

1969A New Product Growth for Model Consumer Durables 1990A Penny for Your Quotes: Patent Citations and the Value of Innovations 2004A New Product Growth for Model Consumer Durables 1961Technical Change and the Rate of Imitation 2002Citations, family size, opposition and the value of patent rights 1986Patents as Options: Some Estimates of the Value of Holding European Patent Stocks 1986Estimates of the Value of Patent Rights in European Countries During the Post-1950 Period 1984Patents as Options: Some Estimates of the Value of Holding European Patent Stocks

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