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 …

Because it must rely on imperfect information, the patent system will inevitably make
mistakes. To determine how the system ought to err in cases of uncertainty—and whether a …

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 …

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 …

Patent law as a field of academic study has benefited enor-mously from the attention of
economists. Indeed, law professors are relative newcomers to the academic patent field …

There is widespread agreement that the patent system in the United States is in need of
reform. Most of the proposals for patent reform that have proliferated in recent years share …

Edmund Kitch's prospect theory of patents has been hailed as" one of the most significant
efforts to integrate intellectual property with property rights theory," but it has also remained …

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 …

The cry to" improve patent quality" is heard anywhere patent law yers gather and is a
centerpiece of many of the political and academ establishments' major reform agendas. 1 …

—Techn0logical change is critical to growth—Creating new technology is expensive—
Creating and exploiting new technology is risky—The use of scarce resources and …