{"id":1360,"date":"2020-09-10T16:23:34","date_gmt":"2020-09-10T14:23:34","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/"},"modified":"2020-09-10T16:23:34","modified_gmt":"2020-09-10T14:23:34","slug":"lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/","title":{"rendered":"Lunchseminar in Economics: Patent Boxes and the Success Rate of Applications"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>Patent boxes significantly reduce the tax rate applied to income earned from a patent. Existing work finds that those reductions increase the number of patents. That said, not all patents are equally novel. In particular, the patent box encourages the submission of patents of marginal novelty, a selection effect that would reduce the average success rates of patents. At the same time, the increased return to patenting encourages additional effort in application preparation and prosecution, increasing success rates. While this predicts an ambiguous effect, due to lower financing costs, the net impact should be smaller for frequent innovators. We use data from applications to the European Patent Office from 1978 to 2017 and find that the introduction of a patent box increases the average success rate of applications by 4.4 percentage points, with the estimated effect becoming negative for frequent innovators. We further find that this effect is greater when boxes apply only to new innovations and when local development is required to access tax reductions. This suggests that for the frequent innovators, who form the bulk of submissions, patent boxes may indeed be encouraging the submission of marginally-novel applications.<\/p><p><i>\u00a0<\/i><\/p><p><\/p><p><\/p><p><strong>Registration <\/strong><\/p><p>&#8211; Free seminar<\/p><p>&#8211; Registration to dem@uni.lu (please specify full name and institution)<\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":0,"featured_media":1361,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2020-09-30 13:00:00","event_end_date":"2020-09-30 14:00:00","event_speaker_name":"Ronald Davis, University College Dublin, UK","event_speaker_link":"","event_is_online":false,"event_location":"Universit\u00e9 du Luxembourg, Campus Kirchberg, 29, avenue JF Kennedy   L-1359 Luxembourg,\r\nONLINE ACCESS","event_street":"","event_location_link":"","event_zip_code":"","event_city":"","event_country":"LU"},"events-topic":[298],"events-type":[],"organisation":[137,100],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lunchseminar in Economics: Patent Boxes and the Success Rate of Applications - FDEF I Uni.lu<\/title>\n<meta name=\"description\" content=\"Patent boxes significantly reduce the tax rate applied to income earned from a patent. Existing work finds that those reductions increase the number of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lunchseminar in Economics: Patent Boxes and the Success Rate of Applications\" \/>\n<meta property=\"og:description\" content=\"Patent boxes significantly reduce the tax rate applied to income earned from a patent. Existing work finds that those reductions increase the number of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/\" \/>\n<meta property=\"og:site_name\" content=\"FDEF FR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.FDEF.lu\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/\",\"url\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/\",\"name\":\"Lunchseminar in Economics: Patent Boxes and the Success Rate of Applications - FDEF I Uni.lu\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-patent-boxes-and-the-success-rate-of-applications\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2020\/09\/lunchseminar_in_economics_patent_boxes_and_the_success_rate_of_applications.jpg\",\"datePublished\":\"2020-09-10T14:23:34+00:00\",\"dateModified\":\"2020-09-10T14:23:34+00:00\",\"description\":\"Patent boxes significantly reduce the tax rate applied to income earned from a patent. 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