This study is dedicated to a comprehensive assessment of the quality of the patent system in Europe. An effective system for the protection and enforcement of intellectual property rights represents an essential element for the growth of economies, which are based on the generation and exploitation of new scientific and technological knowledge. The well-known risks of market failures in the private financing of innovation investments call for a continuous effort of policy makers to the improvements of the tools that are expected to guarantee proper private returns from R&D activities while protecting also the interests of consumers and society at large. The increased salience of patents to companies competing in the knowledge economy has raised concerns throughout the world in the past decade about the actual effectiveness of the current patent systems. The correct functioning of patent systems has been seriously challenged in recent years by different factors, both exogenous and endogenous. Among the exogenous factors, it is worth recalling the emergence of new technological and scientific fields that have posed questions about the extent of patentable subject matter, the increasing complexity of new technologies that makes more difficult and time consuming the assessment of both inventive step and actual scope of each patent, the increased activity in innovation from companies in emerging countries that have started to file an constantly growing number of patent applications with a non trivial impact on the backlogs of the main patent offices worldwide.
|Place of Publication||Brussels|
|Publisher||DG Markt PATQUAL|
|Number of pages||194|
|Publication status||Published - 2011|