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The London Agreement and the Cost of Patenting in Europe

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  • Malwina Mejer
  • Bruno Van Pottelsberghe

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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Bibliographic Info

Paper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers ECARES with number 2008_032.

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Length: 24 p.
Date of creation: 2008
Date of revision:
Publication status: Published by:
Handle: RePEc:eca:wpaper:2008_032

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

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References

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  1. de Rassenfosse, Gaetan & van Pottelsberghe de la Potterie, Bruno, 2009. "A policy insight into the R&D-patent relationship," Research Policy, Elsevier, vol. 38(5), pages 779-792, June.
  2. Jan Fidrmuc & Victor Ginsburgh, 2006. "Languages in the European Union: The Quest for Equality and its Cost," CEDI Discussion Paper Series 06-15, Centre for Economic Development and Institutions(CEDI), Brunel University.
  3. Bruno Van Pottelsberghe & Nicolas van Zeebroeck, 2008. "A brief history of space and time: the scope-year index as a patent value indicator based on families and renewals," ULB Institutional Repository 2013/6383, ULB -- Universite Libre de Bruxelles.
  4. de Rassenfosse, Gaétan & van Pottelsberghe, Bruno, 2008. "On the price elasticity of demand for patents," CEPR Discussion Papers 7029, C.E.P.R. Discussion Papers.
  5. Victor Ginsburgh, 2005. "Languages, Genes, and Cultures," Journal of Cultural Economics, Springer, vol. 29(1), pages 1-17, February.
  6. 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.
  7. Dietmar Harhoff & Karin Hoisl & Bruno Van Pottelsberghe, 2009. "Languages, Fees and the International Scope of Patenting," Working Papers ECARES 2009_016, ULB -- Universite Libre de Bruxelles.
  8. Bruno Van Pottelsberghe & Didier François, 2006. "The cost factor in patent systems," Working Papers CEB 06-002.RS, ULB -- Universite Libre de Bruxelles.
  9. Ericsson, Neil R & Hendry, David F & Mizon, Grayham E, 1998. "Exogeneity, Cointegration, and Economic Policy Analysis," Journal of Business & Economic Statistics, American Statistical Association, vol. 16(4), pages 370-87, October.
  10. Guellec, Dominique & van Pottelsberghe, Bruno & van Zeebroeck, Nicolas, 2006. "Claiming More: The Increased Voluminosity of Patent Applications and its Determinants," CEPR Discussion Papers 5971, C.E.P.R. Discussion Papers.
  11. Nicolas van Zeebroeck, 2007. "Patents only live twice: a patent survival analysis in Europe," Working Papers CEB 07-028.RS, ULB -- Universite Libre de Bruxelles.
  12. Bruno Van Pottelsberghe & George Lazaridis, 2007. "The rigour of EPO's patentability criteria: an insight into the induced withdrawals," ULB Institutional Repository 2013/6189, ULB -- Universite Libre de Bruxelles.
  13. Bruno Van Pottelsberghe & H. Denis & Dominique Guellec, 2001. "Using patent counts for cross-country comparisons of technology output," ULB Institutional Repository 2013/6227, ULB -- Universite Libre de Bruxelles.
  14. Bruno Van Pottelsberghe & Gaétan de Rassenfosse, 2007. "Per un pugno di dollari: a first look at the price elasticity of patents," ULB Institutional Repository 2013/6391, ULB -- Universite Libre de Bruxelles.
  15. Harhoff, Dietmar & Hoisl, Karin & Reichl, Bettina & van Pottelsberghe de la Potterie, Bruno, 2009. "Patent validation at the country level--The role of fees and translation costs," Research Policy, Elsevier, vol. 38(9), pages 1423-1437, November.
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