Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92741
Authors: 
Miyagiwa, Kaz
Ohno, Yuka
Year of Publication: 
2012
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 837
Abstract: 
With the America Invents Act of 2011, the U.S. changed its patent-issuing rule from first-to-invent to first-to-file, the international norm. We investigate the effect of such a policy change in a two-country model of R&D competition for two sequential (basic and final) inventions. We find that a switch never speeds up basic research. A delay is more likely especially in industries where the final product generates more value in the U.S. Simulations show that a delay in basic research also retards final invention, decreasing world welfare.
Subjects: 
TRIPS
first-to-file
first-to-invent
international patent law harmonization
sequential innovation
R&D competition
JEL: 
F1
O3
Document Type: 
Working Paper

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