Download This PaperAmerica Invents Act Cost the US Economy Over $1 Trillion
4 Pages Posted: 9 Jun 2015
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: 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
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