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An Empirical Look at Software Patents

33 Pages Posted: 18 Jan 2007  

James E. Bessen

Technology & Policy Research Initiative, BU School of Law

Robert M. Hunt

Federal Reserve Bank of Philadelphia

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Abstract

Software patents have grown rapidly in number and now comprise 15% of all patents. They are acquired primarily by large manufacturing firms in industries known for strategic patenting; only 5% belong to software publishers. The very large increase in software patent propensity over time is not adequately explained by changes in R&D investments, employment of computer programmers, or productivity growth. The residual increase in software patent propensity is consistent with a sizeable increase in the cost effectiveness of software patents during the 1990s, perhaps arising from changes in the application of patent law to computer software.

Suggested Citation

Bessen, James E. and Hunt, Robert M., An Empirical Look at Software Patents. Journal of Economics & Management Strategy, Vol. 16, No. 1, pp. 157-189, Spring 2007. Available at SSRN: https://ssrn.com/abstract=957925 or http://dx.doi.org/10.1111/j.1530-9134.2007.00136.x

James Bessen (Contact Author)

Technology & Policy Research Initiative, BU School of Law ( email )

765 Commonwealth Avenue
Boston, MA 02215
United States

Robert Hunt

Federal Reserve Bank of Philadelphia ( email )

Ten Independence Mall
Philadelphia, PA 19106-1574
United States
215-574-3806 (Phone)
215-574-7101 (Fax)

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