Predicting patent lawsuits with machine learning

We use machine learning methods to predict which patents end up in court using the population of US patents granted between 2002 and 2005. We show that patent characteristics have significant predictive power, particularly value indicators and patent-owner characteristics. Furthermore, we analyze the predictive performance concerning the number of observations used to train the model, which patent characteristics to use, and which predictive model to choose. We find that extending the set of patent characteristics has the biggest positive impact on predictive performance. The model choice matters as well. More sophisticated machine learning methods provide additional value relative to a simple logistic regression. This result highlights the existence of non-linearities among and interactions across the predictors. Our results provide practical advice to anyone building patent litigation models, e.g., for litigation insurance or patent management more generally.

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Publication Details

Journal
International Review of Law and Economics
Published
2024-09-02
DOI
https://doi.org/10.1016/j.irle.2024.106228
Citations
1
Primary Topic
Intellectual Property and Patents
Type
article
Field-Weighted Citation Impact
0.73
Controls
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article

Predicting patent lawsuits with machine learning

Steffen Juranek, Håkon Otneim
1 citations
International Review of Law and Economics
Intellectual Property and Patents
0.73
article

Predicting patent lawsuits with machine learning

Steffen Juranek, Håkon Otneim
article en
1 citations

Abstract

We use machine learning methods to predict which patents end up in court using the population of US patents granted between 2002 and 2005. We show that patent characteristics have significant predictive power, particularly value indicators and patent-owner characteristics. Furthermore, we analyze the predictive performance concerning the number of observations used to train the model, which patent characteristics to use, and which predictive model to choose. We find that extending the set of patent characteristics has the biggest positive impact on predictive performance. The model choice matters as well. More sophisticated machine learning methods provide additional value relative to a simple logistic regression. This result highlights the existence of non-linearities among and interactions across the predictors. Our results provide practical advice to anyone building patent litigation models, e.g., for litigation insurance or patent management more generally.

International Review of Law and EconomicsVol. 80
Norwegian School of Economics (NO)
Openalex Percentile: Top 23%
Intellectual Property and Patents
0.73
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Predicting patent lawsuits with machine learning — Steffen Juranek, Håkon Otneim · International Review of Law and Economics (2024) | TGRS Research Map | TGRS