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Patent Failure : How Judges, Bureaucrats, and Lawyers Put Innovators at Risk by James Bessen; Michael James Meurer is a book available to read on EtoBox.

What is Patent Failure : How Judges, Bureaucrats, and Lawyers Put Innovators at Risk about?

In recent years, business leaders, policymakers, and inventors have complained to the media and to Congress that today's patent system stifles innovation instead of fostering it. But like the infamous patent on the peanut butter and jelly sandwich, much of the cited evidence about the patent system is pure anecdote--making realistic policy formation difficult. Is the patent system fundamentally broken, or can it be fixed with a few modest reforms? Moving beyond rhetoric, Patent Failure provides the first authoritative and comprehensive look at the economic performance of patents in forty years. James Bessen and Michael Meurer ask whether patents work well as property rights, and, if not, what institutional and legal reforms are necessary to make the patent system more effective. Patent Failure presents a wide range of empirical evidence from history, law, and economics. The book's findings are stark and conclusive. While patents do provide incentives to invest in research, development, and commercialization, for most businesses today, patents fail to provide predictable property rights. Instead, they produce costly disputes and excessive litigation that outweigh positive incentives

Author

James Bessen; Michael James Meurer

Publisher

Princeton: Princeton University Press

Published

2008

Language

EN

ISBN

9780691143217

Subjects

Law, Economics

Rating

3.63 / 5 (20 ratings)

Updated

2026-03-14