First-to-invent versus First-to-file: International Patent Law Harmonization and Innovation

Kaz Miyagiwa ()

ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka

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.

Date: 2007-11
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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:0703

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