Patent Trading Flows of Small and Large Firms

Nicolas Figueroa and Carlos Serrano

No 18982, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This article presents the results of an analysis of the patent trading flows of small and large firms and the determinants of these firm's patent sale and acquisition decisions. We also examine whether these transactions lead to an excessive concentration of patent rights. We show that small firms disproportionately sell and acquire more patents than large firms, and find no evidence that patent trading brings about a significant concentration of patent rights in the hands of large firms. We find that the match between new patented innovations and the original inventor's patent portfolio plays an important role in how successful firms are at generating value from their patents, and in the decision to sell a patent. And among the traded patents, we show that patent acquisitions respond to complementarities between the acquired patented innovation and the buyer's technological capabilities to adopt it. Our empirical analysis uses a new, comprehensive data set that matches information on patent trades and the identity of patent owners over a patent's lifetime.

JEL-codes: L22 L24 O32 O34 (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-pr~ and nep-tid
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Citations: View citations in EconPapers (10)

Published as Nicolás Figueroa & Carlos J. Serrano, 2019. "Patent trading flows of small and large firms," Research Policy, .

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Journal Article: Patent trading flows of small and large firms (2019)
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