Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92576
Authors: 
Miyagiwa, Kaz
Year of Publication: 
2007
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 703
Abstract: 
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.
Subjects: 
first-to-file
first-to-invent
patent law harmonization
innovation
U.S. patent law
JEL: 
L3
O31
O34
Document Type: 
Working Paper

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