| Abstract: |
The patent system underpins the business model of some of the fastest-growing
companies. Used appropriately, it should support frontier technologies and
nurture new firms. Used perniciously, it can stifle innovation and protect
established technological behemoths. We analyse patent examination decisions
at the American, European, Japanese, Korean, and Chinese patent offices and
find evidence that patent attorney firms have a surprisingly large role in the
patent system. Patent attorney firm quality is most important, vis-Ã -vis
invention quality, in less codified and more rapidly changing technology areas
such as software and ICT. Moreover, patent attorney firm quality matters more
when invention quality is low. Finally, there is a significant inter-patent
office variation, with a greater patent attorney firm quality effect at the
USPTO. |