The recent surge in U.S. patenting and expansion of patentable subject matter has increased patent office backlogs and raised concerns that in some cases patents of insufficient quality or with inadequate search of prior art are being issued. At the same time patent litigation and its costs are rising. This paper explores the potential of a post-grant review process modeled on the European opposition system to improve patent quality, reveal overlooked prior art, and reduce subsequent litigation. We argue that the welfare gains to such a system may be substantial.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
9731.
Length: Date of creation: May 2003 Date of revision: Handle: RePEc:nbr:nberwo:9731
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Find related papers by JEL classification: K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process L00 - Industrial Organization - - General - - - General
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