Baudry, Marc; Dumont, Béatrice - In: Review of Industrial Organization 28 (2006) 1, pp. 41-62
This paper examines how patent renewal fees may be restructured to discourage low-value patents with the goal of reducing the burden on patent offices without unduly impairing innovation incentives. We depart from Pakes’ (1986, Econometrica, <Emphasis Type="Bold">54, 755–784) real-option model by moving to an...</emphasis>
