Do Patents Perform Like Property?
31 Pages Posted: 7 Mar 2008
Abstract
Do patents provide critical incentives to encourage investment in innovation? Or, instead, do patents impose legal risks and burdens on innovators that discourage innovation, as some critics now claim? This paper reviews empirical economic evidence on how well patents perform as a property system.
Keywords: patent, property rights, research and development
JEL Classification: O31, O34, K41
Suggested Citation: Suggested Citation
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