Do Patents Perform Like Property?

Bessen, James; Meurer, Michael J.
August 2008
Academy of Management Perspectives;Aug2008, Vol. 22 Issue 3, p8
Academic Journal
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.


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