Optimal Patent Regimes in a Globalized World

Copyright © 2017 by the Centre for International Governance Innovation The opinions expressed in this publication are those of the author and do not necessarily reflect the views of the Centre for International Governance Innovation or its Board of Directors. [...] As a result of the temporary monopoly this analysis in the international context, outlining that they confer, they result in higher prices the free-rider problem generated by the national and deadweight losses for society; and the treatment of patent inventors and discussing how stronger the patent system, the larger these it can be overcome by harmonization. [...] The length (or term) of the patent refers to the number Determining the optimal strength of patents is of years that the patent will be in force from the crucial. [...] States maintain that to be patentable, an invention must be a machine, a manufactured Optimal Patent Regimes in a Globalized World: Lessons for Canada 3 The Free-rider Problem breakdown of the number of domestic and foreign patent applications in 2014 for the 40 patent offices The 1883 Paris Convention for the Protection of with the most applications is presented in Table 1. Industrial Property es [...] Injecting IPRs into the country, the home market consumer surplus that General Agreement on Tariffs and Trade (GATT) accrues from innovations developed in other in the form of the TRIPS agreement was perhaps countries, the foreign market firm profits that the greatest victory of the US copyright and accrue from innovations in the home country patent lobby.