CORDIS Project
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This project examines the patent system's role in fostering innovation by analyzing the review process and the incentives for patent examiners and judges. It aims to identify how application fees and legal rules can improve patent quality, ultimately enhancing resource allocation for research and development.
A key element of innovation policy is the patent system.
For the patent system to perform its function of fostering innovation, an adequate process of patent review must be in place.
Failure of the patent office and courts to weed out low-quality patents leads ex post to deadweight loss and costly litigation.
If anticipated by firms, it may lead ex ante to an inefficient allocation of resources by diverting funds that would otherwise go into R&D towards wasteful rent-seeking activities.
Understa…
TILBURG UNIVERSITY- UNIVERSITEIT VAN TILBURG
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