Research on the Relation of the Inventiveness Standard in the Patent Law and R&D Activities

The inventiveness standard in the patent law is termed the ultimate condition for patentability, so the inventiveness standard plays an important significance for R&D activities. A change of the inventiveness standard causes a static effect and a dynamic effect for the profits of firms. The stat...

Full description

Saved in:
Bibliographic Details
Published in2008 4th International Conference on Wireless Communications, Networking and Mobile Computing pp. 1 - 4
Main Author Yongzhong Qiao
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.10.2008
Subjects
Biotechnology
Costs
Intellectual property
Market opportunities
Patent law
Protection
Research and development
Stability
Standards development
Technological innovation
Online AccessGet full text

Cover

More Information
Summary:The inventiveness standard in the patent law is termed the ultimate condition for patentability, so the inventiveness standard plays an important significance for R&D activities. A change of the inventiveness standard causes a static effect and a dynamic effect for the profits of firms. The static effect is profits associated with a change of the probability that inventions qualify for patent protection. The dynamic effect is a weighted average of the profits associated with the next patentable discoveries and the economic life of patents. These effects cause the changes of gains of firms, thus affecting their R&D activities. The net effect on the inventiveness standard change depends on the relative strength of the static effect and the dynamic effect. When the two effects are exactly equal, there is a critical inventiveness standard, and R&D activities and the rate of innovation are maximized.
ISBN:9781424421077
1424421071
ISSN:2161-9646
DOI:10.1109/WiCom.2008.3032