Seminars

Abstract: This paper explores the unproductive procrastination behavior of patent examiners, probes whether such behavior is caused by present-biased preferences, and estimates the magnitude. We set out a quasi hyperbolic discounting model where a patent examiner is assigned a biweekly quota of patent application reviews and determines the level of effort by the deadline. We estimate the present-bias factor of each patent examiner based on patent prosecution data in the U.S. and find that the proportion of present-biased individuals exceeds the majority. We demonstrate that the job separation rate is higher for less present-biased patent examiners, and a fragmented work quota can improve patent examination quality and timeliness.

* 본 세미나는 VEAEBES(Virtual East Asia Experimental and Behavioral Economics Seminar series) 주최로 열리는 세미나입니다.

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