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Prioritized examination and its impact on commercialization of patents
Hrendash, Taras - Author
37 stran : ilustrace ; 21 cm
ISBN 978-80-7343-445-8, ISBN 978-80-7344-494-5
Working paper series,
patenty inovace experimentální ekonomie
studieCall number C 395.579 Umístění 33 - Ekonomie. Ekonomika Title statement Prioritized examination and its impact on commercialization of patents / Taras Hrendash Main entry-name Hrendash, Taras (Author) Publication Prague : CERGE-EI, 2019 Phys.des. 37 stran : ilustrace ; 21 cm ISBN 978-80-7343-445-8 978-80-7344-494-5 National bibl. num. cnb003099638 Edition Working paper series (CERGE-EI) ; 638 Internal Bibliographies/Indexes Note Obsahuje bibliografické odkazy Language note České a anglické resumé Subj. Headings patenty - ekonomické aspekty * inovace - ekonomické aspekty * experimentální ekonomie Form, Genre studie Conspect 33 - Ekonomie UDC 347.771 , 001.895 , 33 , 33-028.77 , (048.8) Country Česko Language angličtina Ve volném výběru 33 - Ekonomie. Ekonomika Document kind BOOKS "Patents play an important role in facilitating transfers of knowledge, and enable commercialization of innovative ideas by reducing information asymmetry between potential buyers and sellers on the market for technology. The crucial question, however, is how quickly innovative ideas can be patented. Previous research has shown that the probability of commercialization for pending applications peaks immediately after the patent allowance event (Gans, Hsu & Stern, 2008). But does the length of pendency of an application at a patent office also affect the overall saleability of a technology and create some frictions on the market for technology? In this paper, we exploit the introduction of the USPTO’s Prioritized Examination (Track One) Program to capture the impact of shortened pendency on the likelihood that a pending or granted patent will be commercialized via the transfer of property rights. Using the differencein-differences approach, we compare the average saleability of patents, which we assign into three groups according to their predicted propensity for prioritization before and after the program start date. We find that introduction of the Track One program has significantly increased the probability of commercial reassignment of applications that were more likely to be prioritized. Our results suggest that the policy implemented by the USPTO and shortened pendency of applications, in general, may reduce frictions on the market for technology and facilitate commercialization of innovations." In HRENDASH, Taras. Prioritized examination and its impact on commercialization of patents. Prague: CERGE-EI, 2019. 37 stran. Working paper series, 638. ISBN 978-80-7343-445-8. Zdroj anotace: OKCZ - ANOTACE Z WEBULoading…
Number of the records: 1