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The London Agreement and the Cost of Patenting in Europe

  • Malwina Mejer
  • Bruno Van Pottelsberghe

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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File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/54094/1/RePEc_eca_wpaper_2008_032.pdf
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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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  1. 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, ULB -- Universite Libre de Bruxelles.
  2. Victor Ginsburgh, 2005. "Languages, genes and cultures," ULB Institutional Repository 2013/1677, ULB -- Universite Libre de Bruxelles.
  3. de Rassenfosse, Gaétan & van Pottelsberghe de la Potterie, 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.
  4. Gaétan de Rassenfosse & Bruno Van Pottelsberghe, 2008. "A Policy Insight into the R&D-Patent Relationship," Working Papers ECARES 2008_007, ULB -- Universite Libre de Bruxelles.
  5. Bruno Van Pottelsberghe & Didier François, 2006. "The cost factor in patent systems," Working Papers CEB 06-002.RS, ULB -- Universite Libre de Bruxelles.
  6. 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.
  7. Pakes, Ariel & Schankerman, Mark A., 1978. "The Rate of Obsolescence of Knowledge, Research Gestation Labs, and the Private Rate of Return to Research Resources," Working Papers 78-13, C.V. Starr Center for Applied Economics, New York University.
  8. de Rassenfosse, Gaétan & van Pottelsberghe de la Potterie, Bruno, 2008. "On the price elasticity of demand for patents," CEPR Discussion Papers 7029, C.E.P.R. Discussion Papers.
  9. Bruno Van Pottelsberghe & Herman Denis & Dominique Guellec, 2001. "Using patent counts for cross-country comparisons of technology output," ULB Institutional Repository 2013/6227, ULB -- Universite Libre de Bruxelles.
  10. 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.
  11. 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.
  12. 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.
  13. Bruno Van Pottelsberghe & Nicolas van Zeebroeck, 2007. "A brief history of space and time: the scope-year index as a patent value indicator based on families and renewals," Working Papers CEB 07-019.RS, ULB -- Universite Libre de Bruxelles.
  14. 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, ULB -- Universite Libre de Bruxelles.
  15. Harhoff, Dietmar & Hoisl, Karin & Reichl, Bettina & van Pottelsberghe de la Potterie, Bruno, 2007. "Patent Validation at the Country Level - The Role of Fees and Translation costs," Discussion Papers in Business Administration 2073, University of Munich, Munich School of Management.
  16. 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.
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