First-to-Invent Versus First-to-File: International Patent Law Harmonization and Innovation

29 Pages Posted: 17 Dec 2007

See all articles by Kaz Miyagiwa

Kaz Miyagiwa

Emory University - Department of Economics; Osaka University - Institute of Social and Economic Research (ISER); Florida International University (FIU) - Department of Economics

Date Written: November 1, 2007

Abstract

The U.S. has been under pressure to abandon the unique first-to-invent feature of its patent law for awarding patents. The opposition to reform however argues that switch to a first-to-file rule, the international norm, will undermine innovation. We evaluate this argument in a dynamic stochastic model of a patent race. The result generally supports the opposition's argument.

Keywords: first-to-file, first-to-invent, patent law harmonization, innovation, U.S. patent law

JEL Classification: L3, O31,O34

Suggested Citation

Miyagiwa, Kaz, First-to-Invent Versus First-to-File: International Patent Law Harmonization and Innovation (November 1, 2007). ISER Discussion Paper No. 703. Available at SSRN: https://ssrn.com/abstract=1072463 or http://dx.doi.org/10.2139/ssrn.1072463

Kaz Miyagiwa (Contact Author)

Emory University - Department of Economics ( email )

1602 Fishburne Drive
Atlanta, GA 30322
United States

Osaka University - Institute of Social and Economic Research (ISER) ( email )

6-1 Mihogaoka
Ibaraki Osaka 567-0047
Japan

Florida International University (FIU) - Department of Economics ( email )

Miami, FL 33199
United States

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