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4th Annual Conference of the EPIP Association

Measuring the value of IPR: theory, business practice and public policy

University of Bologna, Bologna – Italy
September 24-25, 2009

Programme

 THURSDAY, 24TH SEPTEMBER

08.00-09.00

Registration

09.00-09.30
Room: Prodi

WELCOME ADDRESS

 

Dominique FORAY– President of EPIP

Alfonso GAMBARDELLA – First Vice-President of EPIP and Conference Organizer

Salvatore Torrisi and Federico Munari – Conference Organizers

9.30-11.00
Room: Prodi

Plenary session 1

Chair: Salvatore TORRISI, University of Bologna

Plenary session on Collaborative innovation, spillovers and the role of IP strategy

Bruno CASSIMAN, IESE Business School, Spain, The role of collaboration and spillovers in IP strategy

Keld LAURSEN, Copenhagen Business School, Denmark, Appropriability and the use of external sources of knowledge for innovation
Download paper (pdf)

Michelle Gittelmann, RUTGERS BUSINESS SCHOOL, US, Why go the distance? The geography of markets for technology in bio-pharmaceuticals
Download paper (pdf)

11.00-11.30

Coffee break

11.30-13.00

PARALLEL SESSIONS A

Session A.1
Room: Grande
Chair: Federico MUNARI, University of Bologna 

Licensing, technology trade  and competition

  • P. JENSEN, E. WEBSTER, Intellectual Property Research Institute of Australia. Do Patents Matter for Commercialization? (discuss: K. HUSSINGER)
    Download paper (pdf)
  • C. GRIMPE, ZEW Centre for European Economic Research, K. HUSSINGER, Maastricht University. Inventions under Siege: The Impact of Technology Competition on Licensing (discuss: E. TARANTINO)
    Download paper (pdf)
  • E. TARANTINO, European University Institute. Inefficient Exclusion in Standard Setting Organizations
    (discuss: E. WEBSTER)
    Download paper (pdf)

Session A.2
Room: Prodi
Chair: Michelle GITTELMANN, Rutgers Business School

Open innovation, collaboration and IPR

  • C. GRIMPE, ZEW Centre for European Economic Research, U. KAISER, University of Zurich. Learning to Collaborate for Technology Development: Firm-level Evidence for Denmark (discuss: I. COCKBURN)
    Download paper (pdf)
  • M. FELDMAN, University of Toronto A. GAMBARDELLA, Bocconi University, D. HARHOFF, Ludwig-Maximilians-Universität München, M. MARIANI, Bocconi University. Geographic knowledge spillovers as evidenced by patent inventor (discuss: C. GRIMPE)
  • A. AGRAWAL, University of Toronto and NBER, I. COCKBURN, Boston University and NBER, C. ROSELL, Government of Canada. Not Invented Here: Creative Myopia and Company Towns (discuss: A. GAMBARDELLA)
    Download paper (pdf)

Session A.3
Room: Fumagalli
Chair: Keld LAURSEN, CBS

Spillovers, Knowledge transfer and economic development in the shadow of IPR

  • F. MONTOBBIO, CESPRI-KITES Bocconi University, A. PRIMI, CEPAL, V. STERZI, CESPRI-KITES Bocconi University. The impact of the TRIPs Agreement on the International Transfer of Knowledge. (Discuss: M. TEUBAL )
  • M. PUGATCH, University of Haifa, M. TEUBAL, The Hebrew University of Jerusalem, O. ZLOTNICK. Israel’s High-Tech Catch-Up Process: The Role Of IPR and Other Policies (discuss N.MATTEUCCI)
    Download paper (pdf)
  • N. MATTEUCCI, Marche Polytechnic University. Open Standards and IPRs in EU: An Economic Assessment (discuss: N. F. MONTOBBIO)

13.00-14.30

Lunch

14.30-16.00

PARALLEL SESSIONS B 

Session B.1
Room: Prodi
Chair:  Reinhilde VEUGELERS, K.U. Leuven

Entrepreneurship and IPR commercialization strategies

  • S.J.H. GRAHAM, R. BARR, R.P. MERGES, P. SAMUELSON, T. SICHELMAN, UC Berkeley Law School. High Technology Entrepreneurs and the Patent System: Results of the 2008 Berkeley Patent Survey (discuss: F. MUNARI)
    Download paper (pdf)
  • F. VALENTIN, Research Centre On Biotech Business, Copenhagen Busienss School. Patenting Strategies and Valuation of Science-based Start-ups (discuss: S. GRAHAM)
    Download paper (pdf)
  • S. MORRICONE, F. MUNARI, University of Bologna, R. ORIANI, Luiss Guido Carli. IPO Performance and Strategic Management of IPRs: Evidence from the US Semiconductor Industry (discuss: F. VALENTIN)
    Download paper (pdf)

Session B.2
Room: Grande
Chair: Bruno VAN POTTELSBERGHE, Université Libre de Bruxelles, Bruegel

Finance and IPR

  • C. ODASSO, E. UGHETTO, Politecnico di Torino. Patent Backed Securities In Pharmaceuticals: What Determines Success or Failure? (discuss: I. LEONE)
    Download paper (pdf)
  • M.I. LEONE, R. ORIANI, LUISS Guido Carli. Licensing as a source of financing (discuss: R. SVENSSON)
    Download paper (pdf)
  • P. NORBACK, L. PERSSON, R. SVENSSON, Research Institute of Industrial Economics (IFN). Creative Destruction and Productive Pre-emption: Innovation for Sale and Entry (discuss: E. UGHETTO)
    Download paper (pdf)

Session B.3
Room: 2
Chair: Nikolaus THUMM, EPO

Economic models of growth and IPR

  • J. F. BERNAL URIBE, Toulouse School of Economics. Enforcement of Intellectual Property Rights and Population (discuss: L. MAGAZZINI)
    Download paper (pdf)
  • C. KIEDAISCH, Toulouse School of Economics. Patents in a Model of Growth with Persistent Leadership (discuss: J. F. BERNAL URIBE)
    Download paper (pdf)
  • F. PAMMOLLI, IMT Lucca Institute of Advanced Studies, L. MAGAZZINI, University of Verona, M. RICCABONI, University of Trento. R&D Productivity, Spillovers, and Effective Patent Life (discuss: C. KIEDAISCH)
    Download paper (pdf)

Session B.4
Room: Fumagalli
Chair: Lee DAVIS, CBS

The determinants of patent activity

  • R. FONTANA, University of Pavia, A. NUVOLARI, LEM Sant’Anna School of Advances Studies, H. SHIMITZU, Hitotsubashi University , A. VEZZULLI, University of Bologna. The determinants of patenting activities. Evidence from a Data-Set of R&D Awards, 1976-2005. (discuss: G. DE RASSENFOSSE)
    Download paper (pdf)
  • G. DE RASSENFOSSE, ULB, B. VAN POTTELSBERGHE, Université Libre de Bruxelles, Bruegel. On the Price Elasticity of Demand For Patents (discuss: L. TOSCHI)
    Download paper (pdf)
  • E. FORTI, L. TOSCHI. University of Bologna., Patents and Trademarks as Measures of Exploration and Exploitation Strategy: The Case of CVC Investments (discuss: A. VEZZULLI)
    Download paper (pdf)

16.00-16.30

Coffee Break

16.30-18.00
Room: Prodi

PLENARY SESSION 2

Chair: Maurizio SOBRERO University of Bologna

Law and economics of equitable licensing and open source

Maria Lillà MONTAGNANI, Bocconi University, Italy, Open source software, patents and royalty-free licensing
Download paper (pdf)

Geertrui VAN OVERWALLE, Katholieke Universiteit Leuven, Belgium, Medical biotechnology, patents and equitable licensing

Christine GODT, University of Bremen, Equitable licensing and the role of universities

Dominique FORAY, EPFL, Switzerland, An economic perspective on humanitarian licensing
Download paper (pdf)

18.00-19.00

EPIP GENERAL ASSEMBLY

20.30

Conference Dinner

 FRIDAY, 25TH  SEPTEMBER

9.00-10.30
Room: Prodi

PLENARY SESSION 3

Chair: Alfonso GAMBARDELLA, Bocconi University

Panel session on Raising the bar - how and how far? (Efficiency, Quality and Stakeholder Incentives in the European Patent System)

Alison Brimelow, President EPO 
Download paper (pdf)

Dietmar HARHOFF, Ludwig-Maximilians-Universität München, Germany

Reinhilde VEUGELERS, K.U. Leuven, Belgium

10.30-11.00

Coffee break

11.00-12.30

PARALLEL SESSIONS C 

Session C.1
Room: Grande
Chair: Dominique FORAY, EPFL

Academic research and IPR

  • C. HELMERS, Wolfson College M. ROGERS, Harris Manchester College. The Impact of University Research on Corporate Patenting  (discuss: J. RAFFO)
    Download paper (pdf)
  • R. FINI, University of Bologna, N. LACETERA, S. SHANE, Case Western Reserve University. Inside or Outside the IP-System. Business Creation in Academia (discuss: C. HELMERS)
    Download paper (pdf)
  • D. FORAY, EPFL, J. RAFFO, Ecole Polytechnique Fédérale de Lausanne. A Small Explosion: Patent in Educational and Instructional Technologies And Knowledge; What do They Tell Us? (R. FINI)
    Download paper (pdf)

Session C.2
Room: 2
Chair: Bruno CASSIMAN, IESE Business School

Law and economics of IPR

  • R.B. BAKELS, IGIR, Maastricht University. The Subject-Matter Test in Patent Law – 1 Another Reason For 2 Economist-Lawyer Cooperation? (discuss: N. SEARLE)
    Download paper (pdf)
  • R. CASTRO BERNIERI, University of Bologna. Ex Post Liability Rules and Patent Infringement: A Comparative Law and Economics View (discuss: R. BAKELS)
    Download paper (pdf)
  • N. SEARLE, University of St Andrews. Calculating Loss Estimates: Valuation and Damages Estimates of Trade Secrets in Economic Espionage Act Prosecutions (discuss: R. CASTRO BERNIERI)
    Download paper (pdf)

Session C.3
Room: Fumagalli
Chair: Iain COCKBURN, Boston University

Strategic patenting, patent quality and litigation

  • T. FISCHER, J. HENKEL, Technische Universität München. Patent Trolls on Markets for Technology – An Empirical Analysis of Trolls’ Patent Acquisitions (discuss: G. THOMA)
    Download paper (pdf)
  • B. HALL, University of California at Berkeley, G.THOMA, University of Camerino, S. TORRISI, University of Bologna. Financial Patenting In Europe (discuss: C. SCHNEIDER)
    Download paper (pdf)
  • C. SCHNEIDER, Copenhagen Business School. Competition in Global Plant Biotechnologies: Evidence from Patent Oppositions (discuss: T. FISHER)
    Download paper (pdf)

Session C.4  
Room: Prodi
Chair: Bronwyn HALL, University of California at Berkeley

The value of inventions and patent premium

  • P.H. JENSEN, R. THOMSON. J. YONG, Intellectual Property Research Institute of Australia. Estimating the Patent Premium: Evidence from the Australian Inventor Survey (disc. M. WARD)
    Download paper (pdf)
  • L.N. DAVIS, Copenhagen Business School, J. DAVIS, Dalhousie University, K. HOISL, University of Munich. How Does Leisure Time Invention Affect Patent Value? (discuss, P. JENSEN)
    Download paper (pdf)
  • D. PATEL, University of Kentucky, M. WARD, University of Texas at Arlington. Empirical Tests for Creative Destruction in the Pharmaceutical Industry (discuss: L.N. DAVIS)
    Download paper (pdf)

12.30-14.30

Lunch

14.30-16.00

PARALLEL SESSIONS D 

Session D.1
Room: Fumagalli
Chair: Morris TEUBAL, The Hebrew University of Jerusalem 

Institutional changes, IPR and technology transfer

  • B. VAN LOOY, M. DU PLESSIS, M. MEYER, K. DEBACKERE, Katholieke Universiteit Leuven. The Impact of Legislative Framework Conditions on the Entrepreneurial Activities of Universities: An Empirical Assessment (EU-15) (discuss: B. VAN POTTELSBERGHE)
  • B. VAN POTTELSBERGHE, Université Libre de Bruxelles, Bruegel, J. DANGUY, Université Libre de Bruxelles. Costs‐Benefits Analysis of the Community Patent (discuss: A. VEZZULLI)
    Download paper (pdf)
  • M. MEJER, Université Libre de Bruxelles – ECARES, B. VAN POTTELSBERGHE, Université Libre de Bruxelles, Brugel. Economic Incongruities in the European Patent System (discuss: B. VAN LOOY)
    Download paper (pdf)

Session D.2
Room: 2
Chair: Elisabeth WEBSTER, Intellectual Property Research Institute of Australia

Creating economic value through IPR use and trade

  • F. MUNARI, S. SANTONI, University of Bologna. Exploiting Complementarities in IPR Mechanisms: The Joint Use of Patents, Trademarks and Designs by SMEs (discuss: P. N. LYARSKAYA)
    Download paper (pdf)
  • N. LYARSKAYA, Université Paris Ouest Nanterre La Defense. Design of Technology Licensing Agreements: New Empirical Evidences  (discuss: A. ROSLI)
    Download paper (pdf)
  • B. ANDERSEN, A. ROSLI, University of London, Birkbeck College. Financial Benefits, Reputation and Positioning in the Patent Market Place: Economic Incentives and Obstacles in the Patent Governance of UK Software Firms (discuss: S. SANTONI)
    Download paper (pdf)

Session D.3
Room: Grande
Chair: Dietmar HARHOFF, Ludwig-Maximilians-Universität München

Patenting strategies and the efficiency of the patent system

  • G. DE RASSENFOSSE, Université Libre de Bruxelles, D. GUELLEC, Organisation for Economic Cooperation and Development, Quality vs. Quantity: Strategic Interactions and the Patent Inflation (discuss: X. ZHANG)
    Download paper (pdf)
  • Y. NAKATA Doshisha University, X. ZHANG, Okayama University. Patent filing strategy in Japanese Electrical and Electronic Sectors: A Survival Analysis on Japanese Patent Examination Request System (discuss: H. MOIR)
    Download paper (pdf)
  • H. MOIR, Regulatory Institutions Network, The Australian National University. How High is The Inventive Step? Some Empirical Evidence (discuss: G. DE RASSENFOSSE)
    Download paper (pdf)

16.00-16.30

Coffee break

16.30-18.00
Room Prodi

PLENARY SESSION 4 

 

Chair: Enrico SANTARELLI University of Bologna

Plenary on the value of inventions, patent premium and the market for IPR

Bronwyn H. HALL, University of California at Berkeley and University of Maastricht, The Use and Value of Patents
Download paper (pdf)

Dietmar HARHOFF, Ludwig-Maximilians-Universität München, Germany , Patent value and patent rating

Nikolaus THUMM, Chief Economist, EPO, The value of uncertainty
Download paper (pdf)

Dominique Deberdt, Chief economist INPI (Institut national de la Propriété Industrielle), France, The value of patents, emerging IPR markets and new business models
Download paper (pdf)

18.00-18.30

Concluding comments