| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7052 |
| DP7052 Additions to Market Indices and the Comovement of Stock Returns around the World | |
| Stijn Claessens; YIshay Yafeh | |
| 发表日期 | 2008-11-17 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | 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) counties is still at least five (seven) times higher than in the United States. |
| 主题 | Industrial Organization |
| 关键词 | European patent system Fee elasticity London agreement Patent fees Translation costs |
| URL | https://cepr.org/publications/dp7052 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535889 |
| 推荐引用方式 GB/T 7714 | Stijn Claessens,YIshay Yafeh. DP7052 Additions to Market Indices and the Comovement of Stock Returns around the World. 2008. |
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