Abstract

http://ssrn.com/abstract=1980383
 


 



Competitive Patent Law


William Hubbard


University of Baltimore - School of Law

April 9, 2012

Florida Law Review, Vol. 65, p. 341, 2013
University of Baltimore School of Law Legal Studies Research Paper No. 2013-09

Abstract:     
Can U.S. patent law help American businesses compete in global markets? In early 2011, President Barack Obama argued that, to obtain economic prosperity, the United States must “out-innovate . . . the rest of the world,” and that patent reform is a “critical dimension[]” of this innovation agenda. Soon thereafter, Congress enacted the most sweeping reforms to U.S. patent law in more than half a century, contending that the changes will “give American inventors and innovators the 21st century patent system they need to compete.” Surprisingly, no legal scholar has assessed whether patent reform is capable of making American firms more competitive in global markets.

This Article begins to fill this void by examining whether U.S. patent law can provide U.S. innovators with enhanced incentives to invent. The Article argues that traditional approaches to improving U.S. patent law, including the recent patent reform act, likely will do little to help Americans invent more than their foreign rivals. Nevertheless, helping U.S. businesses compete in global markets is vital to our economic prosperity, as we face a crippling recession, declining innovation capacity, and increasing pressure from foreign competition. Accordingly, this Article argues that federal lawmakers should consider nontraditional approaches to U.S. patent law, including using law to foster a culture in the United States that promotes innovation.

Number of Pages in PDF File: 57

Keywords: patent, intellectual, property, competition, globalization, America Invents Act, patent reform, norms, protectionism, IPR, compete, invent, innovate, invention, innovation, culture

JEL Classification: O34, K33, K39

Accepted Paper Series


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Date posted: January 10, 2012 ; Last revised: October 2, 2013

Suggested Citation

Hubbard, William, Competitive Patent Law (April 9, 2012). Florida Law Review, Vol. 65, p. 341, 2013; University of Baltimore School of Law Legal Studies Research Paper No. 2013-09. Available at SSRN: http://ssrn.com/abstract=1980383 or http://dx.doi.org/10.2139/ssrn.1980383

Contact Information

William Hubbard (Contact Author)
University of Baltimore - School of Law ( email )
1420 N. Charles Street
Baltimore, MD 21218
United States
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