Go to the content. | Move to the navigation | Go to the site search | Go to the menu | Contacts | Accessibility

| Create Account

Garanasvili, Antanina (2018) Essays on the Economics of Intellectual Property. [Ph.D. thesis]

Full text disponibile come:

[img]
Preview
PDF Document
2704Kb

Abstract (italian or english)

Abstract Chapter 1
The European Patent System (EPS) consists of National Offices and the European Patent Office (EPO). The complexity of the system is mirrored in the complexity of strategic options available to patentees when selecting the route of patenting. To date there is little evidence on how firms choose between EPO and national offices, nor which parameters influence this choice. The paper provides a recursive model of the two principal choices made by patent applicants: the selection of examining offices and of jurisdictions in which patent protection is obtained. We then derive and estimate instrumental variables models to establish the relative importance of fees, grant rates, examination duration and firm and patent characteristics in these choices. We identify sectors and types of firms that predominantly rely on the national offices or the EPO. We also identify significant levels of switching, driven by variation in grant rates across offices and by fee changes as well as variation in the duration of examination. We discuss implications of our work for theoretical and empirical analyses of patent systems.

Abstract Chapter 2
Aim of this analysis is to study whether the global financial crisis of 2008 had a significant effect on how stock markets value firms’ investments in knowledge and branding as well as complementary investments in patents and trademarks. Building on data from European Intellectual Property Office (EUIPO) and European Patent Office (EPO) we construct a firm panel covering R&D, marketing and IP investments over the period 2005-2012. In addition, we estimate market value equations for the years 2005-2008 and 2009-2012. Empirical findings suggest that there are interesting differences in which investments contributed to market value before and after 2008. First, investments in R&D contribute far more significantly to the market value after the crisis than before. Second, it becomes apparent that after the crisis patent quality arises as a significant factor which increases value of the companies. At the same time patent quantity ceases to be an influencing factor in the market value equation after 2008.

Abstract (a different language)

-

Statistiche Download
EPrint type:Ph.D. thesis
Tutor:Manenti, Fabio and von Graevenitz, Georg
Ph.D. course:Ciclo 30 > Corsi 30 > ECONOMIA E MANAGEMENT
Data di deposito della tesi:26 June 2018
Anno di Pubblicazione:26 June 2018
Key Words:European Patent System, EPO, Patents, Patenting Strategies; Market Value, Tobin’s Q, R&D, Patents, Patent Citations, Trademarks, Great Recession
Settori scientifico-disciplinari MIUR:Area 13 - Scienze economiche e statistiche > SECS-P/05 Econometria
Area 13 - Scienze economiche e statistiche > SECS-S/03 Statistica economica
Area 13 - Scienze economiche e statistiche > SECS-P/06 Economia applicata
Struttura di riferimento:Dipartimenti > Dipartimento di Scienze Economiche e Aziendali "Marco Fanno"
Codice ID:11259
Depositato il:06 Nov 2019 10:40
Simple Metadata
Full Metadata
EndNote Format

Bibliografia

I riferimenti della bibliografia possono essere cercati con Cerca la citazione di AIRE, copiando il titolo dell'articolo (o del libro) e la rivista (se presente) nei campi appositi di "Cerca la Citazione di AIRE".
Le url contenute in alcuni riferimenti sono raggiungibili cliccando sul link alla fine della citazione (Vai!) e tramite Google (Ricerca con Google). Il risultato dipende dalla formattazione della citazione.

Bibliography Chapter 1 Cerca con Google

Acemoglu, D., A. Robinson, and S. Johnson. "The Colonial Origins of Comparative Development: An Empirical Investigation." The American Economic Review 91 (2001): 1369–1401. Cerca con Google

Adams, K., D. Kim, F. Joutz, R. Trost, and G. Mastrogianis. "Modeling and forecasting U.S. patent application filings." Journal of Policy Modeling 19, no. 5 (1997): 491-535. Cerca con Google

Belloni, A., D. Chen, V. Chernozhukov, and C. Hansen. "Sparse models and methods for optimal instruments with an application to eminent domain." Econometrica 80 (2012): 2369–2429. Cerca con Google

Belloni, A., V. Chernozhukov, and C. Hansen. "High-Dimensional Methods and Inference on Structural and Treatment Effects." Journal of Economic Perspectives 28 (2014): 29–50. Cerca con Google

Chernozhukov, V., C. Hansen, and M. Spindler. "“Post-selection and post-regularization inference in linear models with many controls and instruments,”." The American Economic Review 105 (2015): 486–490. Cerca con Google

Choi, J. P. "Live and let live: A tale of weak patents." Journal of the European Economic Association 3 (2005): 724–733. Cerca con Google

Cohen, W.M., R.R. Nelson, and J.P. Walsh. "Protecting their intellectual assets: Appropriability conditions and why US manufacturing firms patent (or not)." NBER Working paper, no. 7552 (2000). Cerca con Google

Danguy, J., and B. van Pottelsberghe de la Potterie. "Cost-benefit analysis of the Community Patent." Journal of Benefit-Cost Analysis 2, no. 2 (2011): 1-43. Cerca con Google

de Rassenfosse, G., and B. van Pottelsberghe de la Potterie. "On the price elasticity of demand for patents." Oxford Bulletin of Economics and Statistics 74 (2012): 58–77. Cerca con Google

Europe Economics. "Study for the EPO on the Economic Dimensions of the Fee Structure in the European Patent System." Final Report, London, 2010. Cerca con Google

Graham, S., R. Merges, P. Samuelson, and T. Sichelman. "High technology entrepreneurs and the patent system: Results of the 2008 Berkeley patent survey." Berkeley Technology Law Journal 24, no. 4 (2009): 1255-1328. Cerca con Google

Hall, B. H., A. B. Jaffe, and M. Trajtenberg. "Market Value and Patent Citations." Rand Journal of Economics 36(1) (2005): 16–38. Cerca con Google

Hall, B. H., and C. Helmers. "The impact of international patent systems: Evidence from accession to the European Patent Convention." NBER Working Paper, no. 24207 (January 2012). Cerca con Google

Hall, B. H., and D. Harhoff. "Recent research on the economics of patents." Annual Review of Economics 4 (2012): 541–565. Cerca con Google

Harhoff, D., and S. Wagner. "The Duration of Patent Examination at the European Patent Office." Management Science 55 (2009): 1969–1984. Cerca con Google

Harhoff, D., F. Narin, F. M. Scherer, and K. Vopel. "Citation Frequency and the Value of Patented Innovation." Review of Economics and Statistics 81 (1999): 511–515. Cerca con Google

Harhoff, D., K. Hoisl, B. Reichl, and B. van Pottelsberghe de la Potterie. "Patent validation at the country level: the role of fees and translation costs." Research Policy 38 (2009): 1423–1437. Cerca con Google

Harhoff, D., K. Hoisl, B. van Pottelsberghe de la Potterie, and C. Vandeput. "Languages, fees and the international scope of patenting." In The Palgrave Handbook of Economics and Language, 403–422. Springer, 2016. Cerca con Google

Jell, Florian, Joachim Henkel, and Karin Hoisl. "The Relationship between Patenting Motives and Pendency Durations." SSRN, October 2013. Cerca con Google

Landes, W., and R. Posner. "An empirical analysis of the patent court." The University of Chicago Law Review, 71(1) 71, no. 1 (2004): 111-128. Cerca con Google

Lanjouw, J.O. "Patent protection in the shadow of infringement: Simulation estimations of patent value." Review of Economic Studies 65 (1998): 671–710. Cerca con Google

Lanjouw, J.O., and M. Schankerman. "Patent Quality and Research Productivity: Measuring Innovation with Multiple Indicators." The Economic Journal 114 (2004): 441–465. Cerca con Google

MacLeod, C., J. Tann, J. Andrew, and J. Stein. "Evaluating inventive activity: The cost of nineteenth-century UK patents and the fallibility of renewal data." The Economic History Review 56, no. 3 (2003): 537-562. Cerca con Google

Marco, Alan C. "The option value of patent litigation: Theory and evidence." Review of Financial Economics 14, no. 3-4 (March 2005): 323-351. Cerca con Google

Nicholas, Tom. "Cheaper patents." Research Policy 40 (2011): 325–339. Cerca con Google

Parente, P. M., and J. S. Silva. "A Cautionary Note on Tests of Overidentifying Restrictions." Economics Letters 115 (2012): 314 – 317. Cerca con Google

"Paris Convention for the Protection of Industrial Property." 1883. Cerca con Google

Peeters, C., and B. van Pottelsberghe de la Potterie. "Innovation strategy and the patenting behavior of firms." Journal of Evolutionary Economics 16, no. 1-2 (2006): 109-135. Cerca con Google

Serrano, C. J. "The dynamics of the transfer and renewal of patents." The RAND Journal of Economics 41 (2010): 686–708. Cerca con Google

Thumm, Nikolaus. "Motives for patenting biotechnological inventions: An empirical investigation in Switzerland." International Journal of Technology, Policy and Management 4, no. 3 (2004): 275-285. Cerca con Google

Trajtenberg, M. "A Penny for your Quotes: Patent Citations and the Value of Innovations." Rand Journal of Economics 21 (1990): 172–187. Cerca con Google

van Pottelsberghe de la Potterie, B., and M. Mejer. "The London Agreement and the cost of patenting in Europe." European Journal of Law and Economics 29, no. 2 (2010): 211-237. Cerca con Google

Bibliography Chapter 2 Cerca con Google

Arora, A., S. Belenzon, and A. Patacconi. "Killing the Golden Goose? The Decline of Science in Corporate R&D." NBER Working Paper No. 20902 (January 2015). Cerca con Google

Austin, D.H. "An Event-Study Approach to Measuring Innovative Output: The Case of Biotechnology." American Economic Review 83 (1993): 253-258. Cerca con Google

Block, J. H., G. De Vries, J. H. Schumann, and P. Sandner. "Trademarks and venture capital valuation." Journal of Business Venturing 29 (2014): 525–542. Cerca con Google

Bloom, Nicholas, and John Van Reenen. "Patents, Real Options and Firm Performance." The Economic Journal 112, no. 478 (2002): C97–C116 . Cerca con Google

Blundell, R, R Griffith, and J. Van Reenen. "Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms." Review of Economic Studies 66 (1999): 529‐54. Cerca con Google

Bosworth, D, and M. Rogers. "Market Value, R&D and Intellectual Property: An Empirical Analysis of Large Australian Firms. The Economic Record 77: 323‐37." The Economic Record 77 (2001): 323‐37. Cerca con Google

Chodorow-Reich, Gabriel. "The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis." Quarterly Journal of Economics 129 (1) (2014): 1-59. Cerca con Google

Cincera, Michele, Claudio Cozza, Alexander Tübke, and Peter Voigt. "Doing R&D or not (in a crisis), that is the question..." JRC Working Papers on Corporate R&D and Innovation, February 2011. Cerca con Google

Connolly, R.A., and M. Hirschey. "Market value and patents: A Bayesian approach." Economics Letters 27(1) (December 1988): 83-87. Cerca con Google

Corrado, Carol, Charles Hulten, and Daniel Sichel. Measuring Capital and Technology: An Expanded Framework. Vols. ISBN: 0-226-11612-3, in Measuring Capital in the New Economy, by National Bureau of Economic Research, 11-46. University of Chicago Press, 2005. Cerca con Google

Corrado, Carol, Jonathan Haskel, Cecilia Jona-Lasinio, and Massimiliano Iommi. "Intangible investment in the EU and US before and since the Great Recession and its contribution to productivity growth." EIB Working Papers, 8 2016. Cerca con Google

Dernis, H., M. Dosso, F. Hervás, V Millot, M Squicciarini, and A. Vezzani. World Corporate Top R&D Investors: Innovation and IP bundles. A JRC and OECD common report. JRC and OECD, Luxembourg: Publications Office of the European Union, 2015. Cerca con Google

EUIPO and EPO. "Intellectual property rights intensive industries and economic performance in the European Union." A joint project between the European Patent Office and the European Union Intellectual Property Office. Industry-level analysis report, Second edition: October 2016 (first edition: September 2013). Cerca con Google

Gambardella, A, D Harhoff, and B Verspagen. "The Value of European Patents." European Management Review 5 (2008): 69‐84. Cerca con Google

Graham, S.J.H., and D. Somaya. "Vermeers and Rembrandts in the Same Attic: Complementarity Between Copyright and Trademark Leveraging Strategies in Software." Working Paper, Georgia Institute of Technology, 2006. Cerca con Google

Greenhalgh, C., Rogers, M., 2006. "The value of innovation: the interaction of competition, R&D and IP." Research Policy 35 (4) (2006): 562–580. Cerca con Google

Greenhalgh, Christine, and Mark Rogers. "Trade Marks and Market Value in UK Firms." Intellectual Property Research Institute of Australia, Working Paper No. 4/06 (February 2006). Cerca con Google

Griliches, Zvi. R & D, Patents, and Productivity. Vols. ISBN: 0-226-30884-7, in R&D and Productivity: The Econometric Evidence, by NBER, 249-252. University of Chicago Press, 1984. Cerca con Google

Griliches, Zvi. "R&D and Productivity: The Econometric Evidence." National Bureau of Economic Research, 1998: 1-14. Cerca con Google

Griliches, Zvi, and Jacques Mairesse. "Productivity and R and D at the Firm Level." NBER , December 1981. Cerca con Google

Hall, B. H., A. B. Jaffe, and M. Trajtenberg. "Market Value and Patent Citations." Rand Journal of Economics 36(1) (2005): 16–38. Cerca con Google

Hall, B.H. "Innovation and market value In: Barrell, R., Mason, G., O’Mahoney." In Productivity, Innovation and Economic Performance, by R. Barrell, G. Mason and O’Mahoney, 177–198. Cambridge: Cambridge University Press, 2000. Cerca con Google

Hall, B.H. "The stock market’s valuation of R&D investment during the 1980’s." American Economic Review 83 (2), 259–264. 83 (2) (1993): 259–264. Cerca con Google

Hall, B.H., and M. MacGarvie. "The private value of software patents." National Bureau of Economic Research Working Paper 12195 (May 2006). Cerca con Google

Hall, B.H., and R. Oriani. "Does the market value R&D investment by European firms? Evidence from a panel of manufacturing firms in France, Germany, and Italy." International Journal of Industrial Organization 24 (5) (2006): 971–993. Cerca con Google

Hall, B.H., G. Thoma, and S. Torrisi. "The market value of patents and R&D: Evidence from European firms." National Bureau of Economic Research, 2007. Cerca con Google

Jaffe, A.B. "Technological Opportunity and Spillovers of R&D: Evidence from Firms’ Patents, Profits, and Market Value." American Economic Review 76 (1986): 984–1001. Cerca con Google

Lanjouw, J. O., and M. Schankerman. "Patent Quality and Research Productivity: Measuring Innovation with Multiple Indicators." The Economic Journal 114 (2004): 441–465. Cerca con Google

Mendonca, S., T.S. Pereira, and M.M. Godinho. "Trademarks as an indicator of indicator of innovation and industrial change." Research Policy, no. 33 (9) (2004): 1385–1404. Cerca con Google

Pakes, A. "On Patents, R&D, and the Stock Market Rate of Return ." Journal of Political Economy 93 (1985): 390–409. Cerca con Google

Paunov, Caroline. "The global crisis and firms’ investments in innovation." Research Policy 41, no. 1 (February 2012): 24-35. Cerca con Google

Romer, Paul M. "Endogenous Technological Change." Journal of Political Economy 98, no. 5 (1990): 71-102. Cerca con Google

Sandner, Philipp G., and Joern Block. "The market value of R&D, patents and trademarks." Research Policy 40 (2011): 969-985. Cerca con Google

Schumpeter, Joseph. Capitalism, Socialism and Democracy. Harper & Brothers, 1942. Cerca con Google

Shane, H. "Patent Citations as an Indicator of the Value of Intangible Assets in the Semiconductor Industry." Mimeo, The Wharton School, University of Pensylvania, 1993. Cerca con Google

Solow, Robert M. "Technical Change and the Aggregate Production Function." The Review of Economics and Statistics 39, no. 3 (August 1957): 312-320. Cerca con Google

Sumedrea, Silvia. "Intellectual Capital and Firm Performance: A Dynamic Relationship in Crisis Time." Procedia Economics and Finance 6 (2013): 137-144. Cerca con Google

Thoma, Grid. "The market value of Patent-Trademark pairs." Business Policy & Strategy, January 2015. Cerca con Google

Toivanen, O, P.L Stoneman, and D. Bosworth. "Innovation and the Market Value of UK Firms, 1989 ‐ 1995." Oxford Bulletin of Economics and Statistics 64 (2002): 39-62. Cerca con Google

Trajtenberg, M. "A Penny for your Quotes: Patent Citations and the Value of Innovations." Rand Journal of Economics 21 (1990): 172–187. Cerca con Google

Download statistics

Solo per lo Staff dell Archivio: Modifica questo record