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The Benefits and Costs of Strong Patent Protection: A Contribution to the Current Debate

The Benefits and Costs of Strong Patent Protection: A Contribution to the Current Debate,R. Mazzoleni,R. R. Nelson

The Benefits and Costs of Strong Patent Protection: A Contribution to the Current Debate   (Citations: 54)
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Abstract Today’s conventional wisdom,is that strong patent rights are conducive,to economic,progress. Yet not long ago students of the patent system took a more nuanced position, arguing that often strong patents were not necessary to induce invention, and entailed significant economic costs. Several empirical studies have supported this position. However, the current advocacy,invokes theories of the positive benefits of patents that were repressed in the earlier more,negative analyses. This essay reviews these theories, and the empirical evidence that might bear on them. The authors conclude that there is reason for concern that the present movement,towards stronger patent protection may,hinder rather than stimulate technological and economic,progress. q 1998 Elsevier Science B.V. All rights reserved. Keywords: Patent protection; Current debate; Significant economic,costs 1. The current climate of opinion
Published in 1998.
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