First-to-invent versus First-to-file: International Patent Law Harmonization and Innovation
The U.S. has been under pressure to abandon the unique first-to-invent feature of its patent law for awarding patents. The opposition to reform however argues that switch to a first-to-file rule, the international norm, will undermine innovation. We evaluate this argument in a dynamic stochastic model of a patent race. The result generally supports the opposition's argument.
Year of publication: |
2007-11
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Authors: | Miyagiwa, Kaz |
Institutions: | Institute of Social and Economic Research (ISER), Osaka University |
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