Patent systems are usually justified by an assumption that they spur technological
innovation. According to this orthodox view, the prospect of patent protection for new …

PATENTS play a crucial role in the economy. The economic principles underlying the patent
system have not always been well understood, especially in the courts. In part, the difficulty …

Two different theories are generally used to explain the basic purpose of the patent system.
1 The most commonly known and frequently referred to is the reward theory, according to …

Critics of the patent system suggest the rules for determining patentability should be stricter,
subjecting patents to more scrutiny during Patent Office examination. This Article offers a …

The patent system has been viewed by economists as a tradeoff between the incentives
created for the production of inventions and the losses im-posed by the temporary monopoly …

To provide the needed incentives, Mr. Dratler propose that the patent laws be revised to
divide ownership of patent rights in an invention between inventor and employer, according …

About half, probably more, of all patented inventions in the United States are never
commercially exploited.'Many of these undeveloped inventions are commercially worthless …

BEYOND INCENTIVES: EXPANDING THE THEORETICAL FRAMEWORK FOR PATENT LAW
ANALYSIS I. Introduction .......................... ..... Page 1 BEYOND INCENTIVES: EXPANDING …

It is a common notion that systems to promote innovation are particularly effective when they
employ economic incentives. A reward that makes research and development efforts …

The standard conception of a patent is that of a property right that allows its holder to
exclude potential competitors in order for the holder to price its patented goods above the …