On the community patent

Steffen Hoernig

Nova SBE Working Paper Series from Universidade Nova de Lisboa, Nova School of Business and Economics

Abstract: The European Union will be introducing a Europe-wide patent, the so-called Community Patent. Its aim is to foster innovative activity, but strategic effects between firms competing in R&D have not been considered in the official discourse. We show that, even if these are taken into account, the Community Patent will increase innovative activity and welfare. On the other hand, if the decision of participating in R&D is considered, then this increased R&D will be concentrated into fewer firms. Furthermore, we show that existing asymmetries between countries and firms are bound to increase.

Keywords: Community patent; R&D race; Participation in R&D (search for similar items in EconPapers)
JEL-codes: L52 O34 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2005
New Economics Papers: this item is included in nep-eec, nep-ino, nep-mic and nep-tid
References: View references in EconPapers View complete reference list from CitEc
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https://run.unl.pt/bitstream/10362/83200/1/WP467.pdf

Related works:
Working Paper: On the Community Patent (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:unl:unlfep:wp467

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