Patent design strategies: Empirical evidence from European patents

Francesco Paolo Appio, Daniela Baglieri, Fabrizio Cesaroni, Lucia Spicuzza and Alessia Donato

Technological Forecasting and Social Change, 2022, vol. 181, issue C

Abstract: Although patent assets have become increasingly valuable in recent years, companies are still facing rising patent litigation costs. Drawing on a large sample of European patents, we studied how companies fine-tuned the endogenous characteristics of their patents to pursue an optimal patent design. According to the study's findings, companies can adjust certain patent features to increase the value of their patents, but this increases the risk of patent infringement litigation. As a result, companies are frequently forced to choose between maximizing patent value and minimizing the risk of litigation.

Keywords: Optimal patent design; Patent value; Patent infringement litigation; Legal astuteness; Patent strategies; European patents (search for similar items in EconPapers)
JEL-codes: K40 K41 O34 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:181:y:2022:i:c:s0040162522003006

DOI: 10.1016/j.techfore.2022.121776

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