The Market for Patents in Europe

LEM Working Paper No. 2006/04

37 Pages Posted: 23 May 2006

See all articles by Alfonso Gambardella

Alfonso Gambardella

Bocconi University - Department of Management and Technology

Paola Giuri

Department of Management; Sant'Anna School of Advanced Studies

Alessandra Luzzi

Universidad Carlos III de Madrid - Department of Business Administration

Date Written: February 2006

Abstract

By using the PatVal-EU dataset we find that the most important determinant of patent licensing is firm size. Patent breadth, value, protection, and other factors suggested by the literature also have an impact, but not as important. In addition, most of these factors affect the willingness to license, but not whether a license actually takes place. We discuss why this suggests that there are transaction costs in the markets for technology. The issue is important because many potential licenses are not licensed suggesting that the markets for technology can be larger, with implied economic benefits.

Keywords: Licensing, patent scope, complementary assets, firm size, markets for technology

JEL Classification: D45, O32, O34

Suggested Citation

Gambardella, Alfonso and Giuri, Paola and Luzzi, Alessandra, The Market for Patents in Europe (February 2006). LEM Working Paper No. 2006/04. Available at SSRN: https://ssrn.com/abstract=899539 or http://dx.doi.org/10.2139/ssrn.899539

Alfonso Gambardella

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Paola Giuri (Contact Author)

Department of Management ( email )

Via Capo di Lucca 34
Bologna, 40126
Italy
+39.0541434217 (Phone)
+39.0541434120 (Fax)

HOME PAGE: http://www2.sa.unibo.it/docenti/paola.giuri/

Sant'Anna School of Advanced Studies ( email )

Biblioteca Scuola Superiore Sant'Anna
I-56127 Pisa, 56100
Italy

Alessandra Luzzi

Universidad Carlos III de Madrid - Department of Business Administration ( email )

Calle Madrid 126
Getafe, Madrid, Madrid 28903
Spain

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