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000048582 24500 $$aAre ideas getting cheaper? The European evidence.
000048582 264_1 $$a[Oxford, UK] :$$b[Oxford University Press],$$c2023
000048582 300__ $$a1 online resource (pp. 901-929)
000048582 336__ $$atext$$2rdacontent
000048582 337__ $$acomputer$$2rdamedia
000048582 338__ $$aonline resource$$bcr$$2rdacarrier
000048582 4901_ $$aIndustrial and Corporate Change ;$$vVolume 32, Issue 4
000048582 5203_ $$aRecent economics of knowledge studies have highlighted the strong positive effects that the limited exhaustibility of knowledge and its cumulability exert on the recombinant generation of new technological knowledge. While existing empirical investigations primarily focus on the knowledge generation and technology production functions, the analysis of the cost of knowledge has received less attention. This paper aims to fill this gap by investigating the dynamics and determinants of patent costs in the European Union in the period 1992–2012. The analysis of patent unit costs in European countries, measured as the amount of research and development (R&D) expenditure per patent application to the European Patent Office (EPO), shows a steady decline and clear convergence toward lower levels, both in time and across countries. We find that a larger stock of patents and a higher technological variety and coherence of its composition are associated with a sharper reduction in patent costs. Our findings suggest that, in Europe, ideas have been getting cheaper.
000048582 542__ $$fhttps://academic.oup.com/pages/using-the-content/citation
000048582 590__ $$aPublished online: 2023
000048582 650_0 $$aPatents.
000048582 650_0 $$aPatents$$zEuropean Union.
000048582 650_0 $$aPatent fees.
000048582 650_0 $$aResearch.
000048582 650_0 $$aCopyright.
000048582 7001_ $$aAntonelli, Cristiano,$$eauthor.
000048582 7001_ $$aFusillo, Fabrizio,$$eauthor.
000048582 7731_ $$tIndustrial and Corporate Change,$$wINCC
000048582 830_0 $$aIndustrial and Corporate Change ;$$vVolume 32, Issue 4.
000048582 85641 $$uhttps://doi.org/10.1093/icc/dtac064
000048582 904__ $$aArticle
000048582 980__ $$aINCC