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this report in the website freakonomics talks about how a major patent reform in the u.s. might hurt individuals inventors. the text brings results of an study by david abrams and polk wagner that used data from canada when this country introduced a similar reform back in 1989. in the text these authors provide numbers about the fraction of individual inventors in canada and u.s. before and after canada changed its law. (a) using these numbers computer the did estimator. (b) what do you conclude about the impact of the canadian law change on small inventors? (c) write a regression equation with which you could obtain the did estimator by ols. make sure to define our variables. (d) draw a graph like the one in your class notes about the garbage incinerator example. you should plot each of the four numbers mentioned by the authors in the text. make sure to draw the counterfactual change in the fraction of individual inventors (that

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On September 16, 2011, U.S. President Barack Obama approved the Leahy-Smith America Invents Act (AIA). The AIA changed U.S. Patent law from a first-to-invent system to a first-to-file one following years of dispute.

The first inventor of the claimed invention may be given a patent, according to long-standing U.S. patent law. The goal of this rule was to provide equal opportunity for small businesses to compete with "the big dogs" in the field of developing technology.

The argument was that these tiny, occasionally one-person operations lacked the legal infrastructure required to prepare and submit patent applications in a timely manner. The costs of establishing inventorship in front of the U.S. Patent and Trademark Office (USPTO) or federal judges may have, regrettably, outweighed the advantages of the first-to-invent system. In order to prove their claims in one forum or another, the creators of competing technologies ultimately had to navigate a maze of rules and standards. These legal actions were expensive for many small businesses.

To read more about US patent law:

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