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The London Agreement and the Cost of Patenting in Europe

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Author Info
Malwina Mejer
Bruno van Pottelsberghe de la Potterie

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Abstract

This paper analyses the consequences for the European Patent System (EPS) of the recently ratified London Agreement (LA), which aims to reduce the translation requirements for patent validation procedures in 15 out of 34 national patent offices. The simulations suggest that the cost of patenting has been reduced by 20 to 30 percent since the enforcement of the LA. With an average translation cost saving of €3,600 per patent, the total savings for the business sector amount to about €220 millions. The fee elasticity of patents being about -0.4, one may expect an increase in patent filings of eight to 12 percent. Despite the translation cost savings, the relative cost of a European patent validated in six (thirteen) countries is still at least five (seven) times higher than in the United States.

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Publisher Info
Paper provided by Université Libre de Bruxelles, Ecares in its series ECARES Working Papers with number 2008_032.

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Length: 24 pages
Date of creation: 2008
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Handle: RePEc:eca:wpaper:2008_032

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Related research
Keywords: European patent system; London Agreement; patent fees; translation costs; fee elasticity;

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Find related papers by JEL classification:
P14 - Economic Systems - - Capitalist Systems - - - Property Rights
P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Harhoff, Dietmar & Hoisl, Karin & Reichl, Bettina & van Pottelsberghe, Bruno, 2007. "Patent Validation at the Country Level - The Role of Fees and Translation costs," CEPR Discussion Papers 6565, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  2. de Rassenfosse, Gaétan & van Pottelsberghe, Bruno, 2007. "Per un Pugno di Dollari: A first Look at the Price Elasticity of Patents," CEPR Discussion Papers 6499, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  3. Gaétan de Rassenfosse & Bruno van Pottelsberghe, 2008. "A Policy Insight into the R&D-Patent Relationship," Working Papers CEB 08-008.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
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  4. van Pottelsberghe, Bruno & van Zeebroeck, Nicolas, 2007. "A Brief History of Space and Time: the Scope-Year Index as a Patent Value Indicator Based on Families and Renewals," CEPR Discussion Papers 6321, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  5. Victor Ginsburgh, 2005. "Languages, Genes, and Cultures," Journal of Cultural Economics, Springer, vol. 29(1), pages 1-17, February. [Downloadable!] (restricted)
  6. Bruno van Pottelsberghe & Didier François, 2006. "The Cost Factor in Patent Systems," Working Papers CEB 06-002.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
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  7. Nicolas van Zeebroeck & Bruno Van Pottelsberghe & Dominique Guellec, 2006. "Claiming more: the increased voluminosity of patent applications and its determinants," Working Papers CEB 06-018.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
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  8. Neil R. Ericsson & David F. Hendry & Grayham E. Mizon, 1998. "Exogeneity, cointegration, and economic policy analysis," International Finance Discussion Papers 616, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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  9. Harhoff, Dietmar & Hoisl, Karin & van Pottelsberghe de la Potterie, Bruno, 2009. "Languages, Fees and the International Scope of Patenting," CEPR Discussion Papers 7241, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  10. George Lazaridis & Bruno Van Pottelsberghe, 2007. "The rigour of EPO's patentability criteria: An insight into the "induced withdrawals"," Working Papers CEB 07-007.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
  11. Gaétan de Rassenfosse & Bruno van Pottelsberghe, 2008. "On the price elasticity of demand for patents," Working Papers CEB 08-031.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
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  12. Fidrmuc, Jan & Ginsburgh, Victor, 2007. "Languages in the European Union: The quest for equality and its cost," European Economic Review, Elsevier, vol. 51(6), pages 1351-1369, August. [Downloadable!] (restricted)
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  13. Paul H. Jensen & Alfons Palangkaraya & Elizabeth Webster, 2008. "Application Pendency Times and Outcomes across Four Patent Offices," Melbourne Institute Working Paper Series wp2008n06, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Gaetan de Rassenfosse & Bruno van Pottelsberghe de la Potterie, 2008. "On the Price Elasticity of Demand for Patents," ECARES Working Papers 2008_031, Université Libre de Bruxelles, Ecares. [Downloadable!]
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