The Economics of the European Patent System: IP Policy for Innovation and CompetitionWhy does society allow, or even encourage, private appropriation of inventions? When do patents encourage competition, when do they hamper it? How should society design the compromise between the interest of the inventor and the interest of the users of patented inventions? How should the patent system adapt to new technological areas? These questions and many more are addressed by the authors in this groundbreaking analysis of the economics behind the European patent system. Beginning with the history and principles of the patent system, the book then examines the economic effects of patenting on innovation and the diffusion of technology and growth. Throughout the book the theory and the reality are discussed alongside real world examples and comparison between the European, USA, and Japanese patent systems. |
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academic patents Bayh-Dole Act biotechnology Bruno van Pottelsberghe century Community Patent companies competition competitors cost of patenting countries courts cross-licensing customers deadweight loss decision diffusion disclosure Dominique Guellec drafting drugs duration economic effect of patents EPC member Europe European patent system examination exclusive firms France hence higher implemented increase independent claims industry infringement innovation instruments intellectual property inventive step inventor issue knowledge licensing litigation London Protocol market for technology monopoly national patent notably number of claims number of patent OECD patent applications patent filings patent granted patent holders patent law patent office patent pools patent portfolio patent protection patent subject matter patent thickets patented invention percent Pottelsberghe prior art priority filing procedure reduce regarding renewal fees requirements research exemption restricted result scope search report society standard strategy technical third parties tion USPTO validity