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Individual Inventors and Market Potentials: Evidence from US Patents

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  • Agiakloglou, Christos
  • Drivas, Kyriakos
  • Karamanis, Dimitris

Abstract

This paper examines the commercialization propensities of individual inventors' patents. Exploiting a peculiarity of the US patent system, concerning patent renewal fees in order to obtain small or large entity status, we are able to distinguish patents that become part of a large corporation's patent portfolio. Using an extensive dataset of US patents, both for domestic and foreign individual inventors, we find that patent characteristics, size of research teams, prior experience and past corporate patenting activity are positively associated with increased likelihood of transferring patent rights to large corporations.

Suggested Citation

  • Agiakloglou, Christos & Drivas, Kyriakos & Karamanis, Dimitris, 2014. "Individual Inventors and Market Potentials: Evidence from US Patents," MPRA Paper 58838, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:58838
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    Cited by:

    1. Drivas, Kyriakos & Kaplanis, Ioannis, 2020. "The role of international collaborations in securing the patent grant," Journal of Informetrics, Elsevier, vol. 14(4).
    2. Chung, Jaemin & Ko, Namuk & Kim, Hyeonsu & Yoon, Janghyeok, 2021. "Inventor profile mining approach for prospective human resource scouting," Journal of Informetrics, Elsevier, vol. 15(1).
    3. Ronald B. Davies & Dieter Franz Kogler & Ryan M. Hynes, 2020. "Patent Boxes and the Success Rate of Applications," Working Papers 202018, School of Economics, University College Dublin.
    4. Mohd Shadab Danish & Pritam Ranjan & Ruchi Sharma, 2021. "Identification of “Valuable” Technologies via Patent Statistics in India: An Analysis Based on Renewal Information," BASE University Working Papers 13/2021, BASE University, Bengaluru, India.
    5. Andreas Panagopoulos & Stelios Rozakis & Katerina Sideri & Afroditi Anagnosti, 2019. "University Technology Transfer and Agricultural Science Entrepreneurial Education: a View from Inside," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1466-1481, December.

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    More about this item

    Keywords

    individual inventor; patents; market transactions; patent renewals; large entity status;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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