The Dynamics of the Transfer and Renewal of Patents

No 13938, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper explores the dynamics of the transfer of U.S. patents and the significance of the initial missallocation of patent property rights. Here we find that the initial missallocation of patent property rights is large and differs substantially across patentees and technology fields. We also find that the probability of a patent being traded depends on a number of factors - the age of the patent, the number of citations received by a given age, the patent generality and whether the patent has been previously traded or not. We will also analyze and interpret this new evidence using a theoretical model of patent transfers and renewal.

JEL-codes: L1 O3 (search for similar items in EconPapers)
Date: 2008-04
New Economics Papers: this item is included in nep-ind, nep-ino, nep-ipr, nep-pr~ and nep-tid
Note: PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Published as Carlos J. Serrano, 2010. "The dynamics of the transfer and renewal of patents," RAND Journal of Economics, RAND Corporation, vol. 41(4), pages 686-708.

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Related works:
Journal Article: The dynamics of the transfer and renewal of patents (2010)
Working Paper: The Dynamics of the Transfer and Renewal of Patents (2006)
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