Patent Failure
from Berkman Center for Internet & Society at Harvard Law School
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Tuesday, March 4, 2008, 12:30pm - 2:30pm
Is the U.S. patent system broken? Recently, business leaders, policymakers, and inventors have complained to the media and to Congress that today’s patent system stifles innovation instead of fostering it. James Bessen will discuss a broad range of evidence on the economic performance of the patent system. He finds that patents provide strong incentives for firms in a few industries, but for most firms today, patents actually discourage innovation because they fail to perform as well-defined property rights. This analysis provides a guide to policy reform.
About Jim: James Bessen is recognized as an innovator in the electronic publishing industry, having developed one of the first commercially-successful desktop publishing programs. As both an economics researcher and a hands-on industry participant at different levels, he brings a unique perspective to the study of innovation.
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