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The London Agreement and the cost of patenting in Europe. Bruegel Working Paper No. 2008/05, 30 October 2008

van Pottelsberghe de la Potterie, Bruno and Mejer, Malwina. (2008) The London Agreement and the cost of patenting in Europe. Bruegel Working Paper No. 2008/05, 30 October 2008. [Working Paper]

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    Abstract

    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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    Item Type: Working Paper
    Uncontrolled Keywords: Patents; European patent system; London Agreement; patent fees; translation costs; fee elasticity.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > intellectual property
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 01 Dec 2008
    Page Range: p. 28
    Last Modified: 15 Feb 2011 18:02
    URI: http://aei.pitt.edu/id/eprint/9612

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