On the Price Elasticity of Demand for Patents*

Gaétan de Rassenfosse · Bruno van Pottelsberghe de la Potterie

113 citations0/0 files storedOxford Bulletin of Economics and Statistics

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Intellectual Property and Patents Intellectual Property Law Firm Innovation and Growth

Abstract

Abstract This paper provides an analysis of the impact of patent fees on the demand for patents. It presents a dataset of fees since 1980 at the European (EPO), the US and the Japanese patent offices. Descriptive statistics show that fees have severely decreased at the EPO over the 1990s, converging towards the level of fees in the US and Japan. The estimation of dynamic panel data models suggests that the price elasticity of demand for patents is about −0.30. These results suggest that the laxity of fee policy at the EPO has significantly contributed to the rising propensity to patent.

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References

2003Testing for unit roots in heterogeneous panels 2002Unit root tests in panel data: asymptotic and finite-sample properties 1981Biases in Dynamic Models with Fixed Effects 1999A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test 2007Testing for Error Correction in Panel Data*2000Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)2001The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979-1995 1995On bias, inconsistency, and efficiency of various estimators in dynamic panel data models

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