The 2011 America invents act: : Does it undermine innovation?

• Autores: Kaz Miyagiwa
• Localización: Journal of Economics & Management Strategy, ISSN-e 1530-9134, Vol. 24, Nº. 2, 2015, págs. 211-227
• Idioma: inglés
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• Resumen

  • With the 2011 America Invents Act, the United States discarded its century-old first-to-invent patent-awarding system in favor of a first-to-file rule. Critics have argued that the first-to-file rule rewards speed in patent applications rather than creativity, thereby undermining innovation. We evaluate this concern within a dynamic model of a patent race, and find first-to-invent (weakly) more conducive to innovation than first-to-file. Defending prior users’ rights can promote both pro- and anti-R&D effect of a switch to first-to-file.