The document analyzes how the change in US patent law from 17 years from grant to 20 years from filing affected patenting behavior. It tests two hypotheses: 1) industries that value patents as incentives would be more likely to file just before the deadline, and 2) industries that did not file before the deadline would be more likely to renew patents. The results show that industries like drugs and chemicals filed more before the deadline, while industries like computers had higher renewal rates, supporting the hypotheses that strategic patenting industries valued the deadline extension more than incentive-based industries.