Do Firms Face a Trade-Off between the Quantity and the Quality of Their Inventions?

Intellectual Property Research Institute of Australia Working Paper No. 4/13

17 Pages Posted: 25 Feb 2013

See all articles by Gaétan de Rassenfosse

Gaétan de Rassenfosse

Ecole Polytechnique Fédérale de Lausanne

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Date Written: February 19, 2013

Abstract

This paper presents evidence that firms face a trade-off between the quantity and quality of their research output. The econometric analysis uses survey data on patent applicants at the European Patent Office and addresses the identification problem caused by differences in firms’ propensity to patent. The existence of a trade-off emphasizes the need to take the quality of research output into account when assessing research productivity. It also raises questions about the optimal quantity – quality mix that firms should target.

Keywords: innovation performance, invention quality, invention quantity, patent explosion, propensity to patent, research productivity

JEL Classification: D83, L25, O31, O33

Suggested Citation

de Rassenfosse, Gaétan, Do Firms Face a Trade-Off between the Quantity and the Quality of Their Inventions? (February 19, 2013). Intellectual Property Research Institute of Australia Working Paper No. 4/13, Available at SSRN: https://ssrn.com/abstract=2223786 or http://dx.doi.org/10.2139/ssrn.2223786

Gaétan De Rassenfosse (Contact Author)

Ecole Polytechnique Fédérale de Lausanne ( email )

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Odyssea 1.04
1015 Lausanne, CH-1015
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