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research article

Per un pugno di dollari: A first look at the price elasticity of patents

de Rassenfosse, G.
•
van Pottelsberghe de la Potterie, B.
2007
Oxford Review of Economic Policy

This paper analyses the role of patent-filing fees requested by the member states of the European Patent Convention (EPC). We provide first empirical evidence showing that the fee elasticity of the demand for priority applications is negative and significant. Given the strong variation in absolute fees and in fees per capita across countries, this result indicates a suboptimal treatment of inventors across European countries and suggests that fees should be considered as an integral part of an intellectual property policy, especially in the current context of worrying backlogs. In addition, we show that the transfer rate of domestic priority filings to the European Patent Office (EPO) increases with the duration of membership to the EPO and the GDP per capita of a country, suggesting that member states experience a learning curve within the EPC. The high heterogeneity in the transfer rates casts some doubts on the practice that consists in relying on filings at the EPO or at the United States Patent and Trademark Office to assess the innovative performance of countries. © The Authors 2007. Published by Oxford University Press.

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Type
research article
DOI
10.1093/oxrep/grm032
Author(s)
de Rassenfosse, G.
van Pottelsberghe de la Potterie, B.
Date Issued

2007

Published in
Oxford Review of Economic Policy
Volume

23

Issue

4

Start page

588

End page

604

Subjects

economic policy

•

empirical analysis

•

Fees

•

Gross Domestic Product

•

heterogeneity

•

innovation

•

Patent filing

•

price dynamics

•

Price elasticity

Editorial or Peer reviewed

REVIEWED

Written at

OTHER

EPFL units
STIP  
Available on Infoscience
February 24, 2015
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/111716
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