After the breakthrough agreement on translation requirements for the EU Patent in December 2011, negotiations are now focusing on patent courts and litigation rules. Simulations show that the proposed radical reduction in translation costs will be sufficient to make the EU Patent a success already. The potential gains from the EU Patent are much larger when considering improvements in litigation and enforcement. Adopting the best-practice in legal institutions could double the value of the EU Patent to 8.5 billion euro per year in comparison to maintaining the EU-average, as argued in the CPB Policy brief ‘The value of a well-designed EU Patent’. These gains can materialize immediately with the introduction of the EU Patent if markets trust that best-practice will be achieved from the start. The potential gains from achieving best-practice legal institutions dominate the potential gains from the participation of Italy and Spain in the EU Patent.
- Bas Straathof, Programme Leader ICT and Innovation, CPB Netherlands Bureau for Economic Policy Analysis Sector Competition and Regulation (in the middle)
- Discussant - Bruno Van Pottelsberghe, Dean, Solvay Business School of Economics and Management, ULB and Senior Non Resident Fellow at Bruegel (on the left)
- Chair - Mario Mariniello, Research Fellow, Bruegel (on the right)
- Venue: Bruegel, Rue de la Charité 33, 1210 Bruxelles
- Time: 16 November 2012, 12:45 (lunch) for 13:00 (event starts) to 14:30
- Contact: matilda.sevon[at]bruegel.org
Bruegel has been collaborating with the CPB Netherlands Bureau for Economic Policy Analysis since 2011, among other things by the exchange of researchers and through mutual presentations of research results.