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Book examines economics of the European Patent System
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Beginning with the story and principles of the patent system, the book examines the economic effects of patenting on innovation, technology diffusion and growth. The first part looks at patent systems in general and their economic foundations - the history of the system, patents as an incentive to innovate, patents as a market instrument and the design of a patent.
The second part concerns the EPO's daily work. It starts by looking at the patenting procedures and filing strategies at the Office, before going on to discuss the issues and challenges faced by the system today.
"Patents are playing an increasingly critical role in the world economy. Yet much of the discussion on patenting, and the overwhelming majority of contemporary research, has focused specifically on the US patent system," says Josh Lerner of the Harvard Business School. "This book is a healthy corrective, providing a detailed and thoughtful primer on the history, organisation, and ongoing challenges facing the European patent system, as well as the broader economic context in which the system operates."
The book is aimed at both economists and patent professionals, explaining how the two fields are intrinsically linked.