European Journal of Law and Economics

, Volume 29, Issue 2, pp 211–237

The London Agreement and the cost of patenting in Europe

  • Bruno van Pottelsberghe de la Potterie
  • Malwina Mejer

DOI: 10.1007/s10657-009-9118-6

Cite this article as:
van Pottelsberghe de la Potterie, B. & Mejer, M. Eur J Law Econ (2010) 29: 211. doi:10.1007/s10657-009-9118-6


This paper analyses the consequences for the European patent system of the recently ratified London Agreement, 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 20–30% 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 8–12%. Despite the translation cost savings, the relative cost of a European patent validated in six (thirteen) countries is still at least five (seven) times higher than in the United States.


European patent systemLondon AgreementPatent feesTranslation costsFee elasticity

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Copyright information

© Springer Science+Business Media, LLC 2009

Authors and Affiliations

  • Bruno van Pottelsberghe de la Potterie
    • 1
    • 2
    • 3
  • Malwina Mejer
    • 4
  1. 1.Université Libre de Bruxelles (ULB, SBS-EM), ECARES, and BruegelBrusselsBelgium
  2. 2.CEPRLondonUK
  3. 3.CEB and DULBEABrusselsBelgium
  4. 4.Université Libre de Bruxelles (ULB, SBS-EM), ECARESBrusselsBelgium