How Valuable is Patent Protection? Estimates by Technology Field
利用法国专利续期数据，用非参数和参数模型估计不同技术领域和国籍的专利私有价值，发现价值分布高度偏斜，专利保护是研发私人回报的重要但非主要来源，并计算了等价的研发现金补贴。
I present evidence on the private value of patent rights in France for different technology fields and nationalities of ownership, using nonparametric techniques and a parametric model of patent renewal. I find that the distribution of the value of patent rights is highly skewed, that patent protection is a significant but not the major source of private returns to R&D, and that these characteristics vary across technology fields. I compute the R&D cash subsidy that is equivalent to the value of patent rights, measure the variations in value of time, technology fields, and nationalities, and show that these differences are correlated with patent grant rates.