On the Effectiveness of Novelty and Inventive Step as Patentability Requirements - Structural Empirical Evidence Using Patent Indicators

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Total Pages : 0 pages
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Book Synopsis On the Effectiveness of Novelty and Inventive Step as Patentability Requirements - Structural Empirical Evidence Using Patent Indicators by : Markus G. Reitzig

Download or read book On the Effectiveness of Novelty and Inventive Step as Patentability Requirements - Structural Empirical Evidence Using Patent Indicators written by Markus G. Reitzig and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Novelty and non-obviousness (inventive step) are patentability requirements designed to ensure a minimum of technological quality for protected inventions. Their effectiveness requires the assumption that private values of patents are positively correlated with technological quality as defined by the patent offices. This premise is taken for granted in classical industries and has recently been taken up for revision in "modern" patenting areas like business methods, but is untested for either one of them. This paper suggests an original test to disentangle the impact of (objective) technological quality - as defined by the patent offices - on private patent value. To do so, the theoretical links between private values of patents, technological invention quality, incentives to oppose patents before the European Patent Office (EPO), and observable patent characteristics are translated into a structural discrete choice equation model. Applying the model to polymer patent data between 1978 and 1990, the paper eventually confirms the assumption that for the chosen sample, objective technological quality enhances the private value of a patent and supports the effectiveness of novelty and inventive step as policy levers. At the same time, the paper refines the understanding of how patent-based measures such as citations are correlated with a patent's commercial value.

What Do Patent Indicators Really Measure

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ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (473 download)

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Book Synopsis What Do Patent Indicators Really Measure by : Markus Reitzig

Download or read book What Do Patent Indicators Really Measure written by Markus Reitzig and published by . This book was released on 2003 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Patent indicators are widely used to assess innovative output. Despite the large variety of empirical studies in the field, however, the precise meaning of these indicators and their obvious relation to patent value is still based on assumptions and intuitions. This paper provides the first empirical test of patent indicators as value measures in the structural form. It disentangles the different effects reflected in patent indicators and enhances our understanding why inventions are valuable at all. Using a newly assembled data set on European polymer patents, current assumptions on the innovation incentives set by patentability requirements (novelty, inventive activity) are tested. The estimations are carried out using a custom-tailored two stage discrete choice probit model yet unknown in the literature. The results support the assumptions that novelty and inventive activity enhance a patent's value. They confirm the importance of backward citations, family size, and forward citations as va lue indicators. However, they expand on and partly break with the respective explanations why patent indicators correlate with profitability.

Managing Value Capture

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Publisher : Springer Science & Business Media
ISBN 13 : 3834962465
Total Pages : 242 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Managing Value Capture by : Timo Fischer

Download or read book Managing Value Capture written by Timo Fischer and published by Springer Science & Business Media. This book was released on 2011-08-26 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: How some firms manage to capture more value than others is a question central to practitioners and researchers alike. In this context, Timo Fischer conducts three empirical studies.

Patent Policy

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Publisher : Routledge
ISBN 13 : 1136981853
Total Pages : 353 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis Patent Policy by : Pia Weiss

Download or read book Patent Policy written by Pia Weiss and published by Routledge. This book was released on 2010-04-07 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intellectual property rights have become increasingly important for our modern economies in recent years. Although the entire patent system has a profound effect on the decision of firms of whether to conduct research and at which volume, patent law is the heart of the entire patent system. Therefore, this book focuses on the economic effects of certain provisions in patent law by using economic models dedicated to patent policy. The first part of the book presents a brief overview over the history of patent systems and introduces the main components of modern patent systems. A short introduction of the principal provisions of US patent law constitutes the centre of the subsequent analysis as it serves as a link between law and economics. The second part presents core economic models for central provisions, collecting the most fundamental results in a national framework in the field of literature. Part three is concerned with selected provisions of patent law in an international framework. It provides valuable insights into the situation of developing countries which are the chief recipients of technology transfers. Patent Policy will be of interest to researchers interested in the field of modelling patent policy. It can be also used as supplementary text in courses in Industrial Organization, Innovation Economics and Law and Economics.

Empirical Evidence on the Inventive Step

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Empirical Evidence on the Inventive Step by : Hazel V. J. Moir

Download or read book Empirical Evidence on the Inventive Step written by Hazel V. J. Moir and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The height of the inventive step is critical in balancing the costs and benefits of patent systems. This empirical analysis assesses this, using the economic yardstick of how much new knowledge is required for patent grant. But examiners and courts ask a different question - is it obvious? This creates a much lower standard, reinforced by continual amendment, semantic minutiae and the suggestion doctrine for combinations. The result is that many granted patents contribute no new knowledge and therefore no benefits to offset their costs. Such a low inventive step likely impedes rather than encourages innovation.

Standards of Patentability for European Inventions

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Publisher : Wiley-VCH
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Standards of Patentability for European Inventions by : Hanns Ullrich

Download or read book Standards of Patentability for European Inventions written by Hanns Ullrich and published by Wiley-VCH. This book was released on 1977 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

OECD Patent Statistics Manual

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Publisher : OECD Publishing
ISBN 13 : 9264056440
Total Pages : 162 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis OECD Patent Statistics Manual by : OECD

Download or read book OECD Patent Statistics Manual written by OECD and published by OECD Publishing. This book was released on 2009-02-05 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual provides guiding principles for the use of patent data in the context of S&T measurement, and recommendations for the compilation and interpretation of patent indicators in this context.

Growth, R&D Spillovers and the Role of Patent Systems

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Publisher : World Scientific
ISBN 13 : 981314114X
Total Pages : 892 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis Growth, R&D Spillovers and the Role of Patent Systems by : Bruno van Pottelsberghe de la Potterie

Download or read book Growth, R&D Spillovers and the Role of Patent Systems written by Bruno van Pottelsberghe de la Potterie and published by World Scientific. This book was released on 2017-08-30 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt: This invaluable book provides a comprehensive overview of twenty years of research on the economics of innovation and patent policies. Edited by Bruno van Pottelsberghe de la Potterie, the papers in this volume witness twenty years of advanced empirical research — triggered by intensive collaboration and inspired by his own professional experience at the OECD, METI and the European Patent Office. The Editor's publications in these fields have greatly contributed to better understand how innovation can be stimulated, how it can be measured, through which channels it contributes to growth, with a particular emphasis on the role of patent systems. In the introductory chapter, the Editor provides an overview of each subfield of investigation, by explaining the genesis of the research projects and adding some personal history. The book first displays major empirical findings on the effectiveness of science and technology policies in stimulating R&D, on how these policies affect the contribution of R&D to economic growth, and how to measure international R&D spillovers and what are their most effective channels. The policies that aim at stimulating innovation include R&D subsidies, public R&D, and R&D tax credits. The chapters that follow present foundational work on patent count methodologies aiming at improving innovation metrics, as well as creative contributions on patent valuation models. The book then presents pioneering contributions on the design of patent systems, including a thorough work on the role of fees, far-reaching analyses on quality, and critical contributions on the governance of patent systems in general and the European patent system in particular.

The Essential Criteria for Patentability of European Inventions

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Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (115 download)

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Book Synopsis The Essential Criteria for Patentability of European Inventions by : William R. Cornish

Download or read book The Essential Criteria for Patentability of European Inventions written by William R. Cornish and published by . This book was released on 1983 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovation, Industrial Dynamics and Structural Transformation

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Publisher : Springer Science & Business Media
ISBN 13 : 3540494650
Total Pages : 412 pages
Book Rating : 4.5/5 (44 download)

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Book Synopsis Innovation, Industrial Dynamics and Structural Transformation by : Uwe Cantner

Download or read book Innovation, Industrial Dynamics and Structural Transformation written by Uwe Cantner and published by Springer Science & Business Media. This book was released on 2007-03-08 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an account of work in the Schumpeterian and evolutionary tradition of industrial dynamics and the evolution of industries. It is shown that over time industries evolve and change their structure. In this dynamic process, change is affected and sometimes constraint by many factors, including knowledge and technologies, the capabilities and incentives of actors, new products and processes, and institutions.

A Patent System for the 21st Century

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Publisher : National Academies Press
ISBN 13 : 0309089107
Total Pages : 186 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis A Patent System for the 21st Century by : National Research Council

Download or read book A Patent System for the 21st Century written by National Research Council and published by National Academies Press. This book was released on 2004-10-01 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. patent system is in an accelerating race with human ingenuity and investments in innovation. In many respects the system has responded with admirable flexibility, but the strain of continual technological change and the greater importance ascribed to patents in a knowledge economy are exposing weaknesses including questionable patent quality, rising transaction costs, impediments to the dissemination of information through patents, and international inconsistencies. A panel including a mix of legal expertise, economists, technologists, and university and corporate officials recommends significant changes in the way the patent system operates. A Patent System for the 21st Century urges creation of a mechanism for post-grant challenges to newly issued patents, reinvigoration of the non-obviousness standard to quality for a patent, strengthening of the U.S. Patent and Trademark Office, simplified and less costly litigation, harmonization of the U.S., European, and Japanese examination process, and protection of some research from patent infringement liability.

Patents in the Knowledge-Based Economy

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Publisher : National Academies Press
ISBN 13 : 0309167183
Total Pages : 352 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Patents in the Knowledge-Based Economy by : National Research Council

Download or read book Patents in the Knowledge-Based Economy written by National Research Council and published by National Academies Press. This book was released on 2003-08-11 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume assembles papers commissioned by the National Research Council's Board on Science, Technology, and Economic Policy (STEP) to inform judgments about the significant institutional and policy changes in the patent system made over the past two decades. The chapters fall into three areas. The first four chapters consider the determinants and effects of changes in patent "quality." Quality refers to whether patents issued by the U.S. Patent and Trademark Office (USPTO) meet the statutory standards of patentability, including novelty, nonobviousness, and utility. The fifth and sixth chapters consider the growth in patent litigation, which may itself be a function of changes in the quality of contested patents. The final three chapters explore controversies associated with the extension of patents into new domains of technology, including biomedicine, software, and business methods.

The Inventiveness Requirement in Patent Law

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Publisher : Kluwer Law International
ISBN 13 : 9789041167316
Total Pages : 0 pages
Book Rating : 4.1/5 (673 download)

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Book Synopsis The Inventiveness Requirement in Patent Law by : Lodewijk Pessers

Download or read book The Inventiveness Requirement in Patent Law written by Lodewijk Pessers and published by Kluwer Law International. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acknowledgements --List of Abbreviations --Introduction --The Early History of the Inventiveness Requirement --The Inventiveness Requirement in Its Modern Phase --Summary and Conclusion --Bibliography --Table of Cases.

Patentability, Industry Structure, and Innovation

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Patentability, Industry Structure, and Innovation by : Robert M. Hunt

Download or read book Patentability, Industry Structure, and Innovation written by Robert M. Hunt and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a model of sequential innovation in which industry structure is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection (in U.S. patent law this standard is called nonobviousness; in Europe it is called the inventive step). The rate of innovation initially rises as this standard is raised from very low levels, but eventual falls as the standard is raised to very high levels. Hence there is a unique patentability standard that maximizes the rate of innovation. Surprisingly, this critical standard is more stringent for industries disposed to innovate rapidly. The model suggests a number of important implications for patent policy.

Measuring Technological Novelty with Patent-based Indicators

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Measuring Technological Novelty with Patent-based Indicators by : Dennis Verhoeven

Download or read book Measuring Technological Novelty with Patent-based Indicators written by Dennis Verhoeven and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Use of Freely Available Patent Databases on the Internet for Establishing Novelty and Inventive-Step

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Use of Freely Available Patent Databases on the Internet for Establishing Novelty and Inventive-Step by : Yogesh Dhoble

Download or read book Use of Freely Available Patent Databases on the Internet for Establishing Novelty and Inventive-Step written by Yogesh Dhoble and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior Art knowledge is important for the research work to be initiated. Therefore it is most important to know what kind of resources are used for the search of the scientific prior art and how much does it cost. Here the emphasis is given on the use of the Internet specifically for the search purpose which is widely popular across the globe accordingly, some Strategies are shown here which will be beneficial for the people who are on the initial level of research or are economically poor, to make use of internet for the search of the prior art literature in an effective manner. The example given here serves the purpose of illustration only; one can develop number of strategies based on the depth of knowledge and experience in this field. Universally any prior publication can be detrimental to the novelty of the invention and may even kill the invention.

The Novelty 'Sweet Spot' of Invention

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ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Novelty 'Sweet Spot' of Invention by : Yuejun He

Download or read book The Novelty 'Sweet Spot' of Invention written by Yuejun He and published by . This book was released on 2018 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Invention arises from novel combinations of prior technologies. However, prior studies of creativity have suggested that overly novel combinations may be harmful to invention. Apart from the factors of expertise, market, etc., there may be such a thing as 'too much' or 'too little' novelty that will determine an invention's future value, but little empirical evidence exists in the literature. Using technical patents as the proxy of inventions, our analysis of 3.9 million patents identifies a clear 'sweet spot' in which the mix of novel combinations of prior technologies favors an invention's eventual success. Specifically, we found that the invention categories with the highest mean values and hit rates have moderate novelty in the center of their combination space and high novelty in the extreme of their combination space. Too much or too little central novelty suppresses the positive contribution of extreme novelty in the invention. Furthermore, the combination of scientific and broader knowledge beyond patentable technologies creates additional value for invention and enlarges the advantage of the novelty sweet spot. These findings may further enable data-driven methods both for assessing invention novelty and for profiling inventors, and may inspire a new strand of data-driven design research and practice.