America Invents Act Cost the US Economy Over $1 Trillion

4 Pages Posted: 9 Jun 2015

See all articles by Richard Baker

Richard Baker

New England Intellectual Property, LLC

Date Written: June 8, 2015

Abstract

The Leahy-Smith America Invents Act (AIA), adopted by the United States government in 2011, created an Inter Partes review (IPR) process that invalidates a large percentage a patents that are challenged with this process. The IPR process has resulted in a 61% decline in the average price per patent in the United States, resulting in an aggregate drop in the value of the US economy of $0.5-1.3 Trillion.

Keywords: AIA, IPR, America Invents Act, Inter Partes review, UPPTO, patents

JEL Classification: O34, O38, O31

Suggested Citation

Baker, Richard, America Invents Act Cost the US Economy Over $1 Trillion (June 8, 2015). Available at SSRN: https://ssrn.com/abstract=2616023 or http://dx.doi.org/10.2139/ssrn.2616023

Richard Baker (Contact Author)

New England Intellectual Property, LLC ( email )

291 Main Street
West Newbury, MA 01985
United States

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