Work

Market maturity, patent renewals and the pace of innovation: the case of wind power in Germany

Year: 2016

Type: article

Abstract: Our paper aims at exploring the link between market maturity and patent renewal decisions in the wind power sector. We use micro-level data on patent legal status and patent metrics from the Patstat database, as well as data on installed capacities. We estimate a micro-level model of renewal decisions that control for both patent metrics and market maturity. Our results show that renewal decisions are sensitive to market maturity. More specifically, market maturity positively affects the initial rent but increases the depreciation of the rent.JEL Codes: O3, O3, Q55

Source: Journal of Innovation Economics & Management

DOI: 10.3917/jie.020.0131

Authors: Marc Baudry, Béatrice Dumont

Institutions: Centre National de la Recherche Scientifique, Université Paris Nanterre, EconomiX, Université Sorbonne Paris Nord

Language: English

Topic: Intellectual Property and Patents

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: bronze

OpenAlex ID: W2346246170

FWCI: 1.941

Cites: 12

Cited by: 10

Related to: 10