You are here: Home > Research > On the price elasticity of demand for patents

Please cite as follows

de Rassenfosse, G. & van Pottelsberghe de la Potterie, B., 2012. "On the price elasticity of demand for patents". Oxford Bulletin of Economics and Statistics 74(1), 58-77.


Overview

Abstract
This paper provides an analysis of the impact of patent fees on the demand for patents. It presents a dataset of fees since 1980 at the European (EPO), the US and the Japanese patent offices. Descriptive statistics show that fees have severely decreased at the EPO over the 1990s, converging towards the level of fees in the US and Japan. The estimation of dynamic panel data models suggests that the price elasticity of demand for patents is about -0.30. These results suggest that the laxity of fee policy at the EPO has significantly contributed to the rising propensity to patent.

Keywords: patent cost, patenting fees, price elasticity, patent systems, propensity to patent
JEL classification: O30; O31; O38; O57

Access right required Download the published version
No access right required Download the working paper version


Personal notes

This article:


Data



Addendum



You may also be interested in



Other known (older) versions of the paper