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Patent Portfolio Management of Sequential Inventions: Evidence from US Patent Renewal Data

Jinyoung Kim ()

Review of Industrial Organization, 2015, vol. 47, issue 2, 195-218

Abstract: This paper investigates a firm’s decisions regarding renewal and patenting of sequential inventions and tests the implications of a dynamic model of patent portfolio management where a firm makes the decisions taking into account complementarity and substitutability across sequential inventions. We use cross-price effects of renewal fees and filing fees on renewal and patenting decisions to identify complementarity or substitutability. We find that higher filing fees are associated with a lower probability of patent renewal, which supports the idea of complementarity across sequential inventions. Copyright Springer Science+Business Media New York 2015

Keywords: Application filing fees; Patent portfolio; Patent renewal fees; Patenting; Renewal; Sequential inventions; O32; O34 (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:kap:revind:v:47:y:2015:i:2:p:195-218