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

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  • Jinyoung Kim

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

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  • Jinyoung Kim, 2015. "Patent Portfolio Management of Sequential Inventions: Evidence from US Patent Renewal Data," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(2), pages 195-218, September.
    • Handle: RePEc:kap:revind:v:47:y:2015:i:2:p:195-218
    DOI: 10.1007/s11151-015-9468-x
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    Cited by:

    1. Kim, Jinyoung, 2017. "Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment," IZA Discussion Papers 10815, Institute of Labor Economics (IZA).
    2. Kim, Jinyoung, 2022. "Teamwork in innovation under time pressure," Labour Economics, Elsevier, vol. 75(C).
    3. Lawrence J. White, 2020. "A “Primarily Property” Presumption Is—Still—Really Needed for the IP/Antitrust Interface," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 56(4), pages 715-737, June.
    4. Kim, Nami & Kim, Eonsoo & Lee, Jongseon, 2021. "Innovating by eliminating: Technological resource divestiture and firms’ innovation performance," Journal of Business Research, Elsevier, vol. 123(C), pages 176-187.
    5. Chen, Jiyao & Shao, Diana & Fan, Shaokun, 2021. "Destabilization and consolidation: Conceptualizing, measuring, and validating the dual characteristics of technology," Research Policy, Elsevier, vol. 50(1).

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    More about this item

    Keywords

    Application filing fees; Patent portfolio; Patent renewal fees; Patenting; Renewal; Sequential inventions; O32; O34;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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