Patents

Prompting or Restricting Innovation?

Business & Finance, Management & Leadership, Management Science
Cover of the book Patents by Marc Baudry, Béatrice Dumont, Wiley
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Author: Marc Baudry, Béatrice Dumont ISBN: 9781119473732
Publisher: Wiley Publication: October 30, 2017
Imprint: Wiley-ISTE Language: English
Author: Marc Baudry, Béatrice Dumont
ISBN: 9781119473732
Publisher: Wiley
Publication: October 30, 2017
Imprint: Wiley-ISTE
Language: English

The patent system is criticized today by some practitioners and economists. In fact, there is a partial disconnection between patent demographics and productivity gains, but also the development of actors who do not innovate and who develop business models that their detractors equate with a capture of annuities or a dangerous commodification of patents.

This book provides a less Manichaean view of the position of patents in the system of contemporary innovation. It first recalls that these criticisms are not new, before arguing that if these criticisms have been revived, it is because of a partial shift from an integrated innovation system to a much more fragmented and open system. This shift accompanied the promotion of a more competitive economy. The authors show that this movement is coherent with a more intensive use of patents, but also one that is more focused on their signal function than on their function of direct monetary incentive to innovation.

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The patent system is criticized today by some practitioners and economists. In fact, there is a partial disconnection between patent demographics and productivity gains, but also the development of actors who do not innovate and who develop business models that their detractors equate with a capture of annuities or a dangerous commodification of patents.

This book provides a less Manichaean view of the position of patents in the system of contemporary innovation. It first recalls that these criticisms are not new, before arguing that if these criticisms have been revived, it is because of a partial shift from an integrated innovation system to a much more fragmented and open system. This shift accompanied the promotion of a more competitive economy. The authors show that this movement is coherent with a more intensive use of patents, but also one that is more focused on their signal function than on their function of direct monetary incentive to innovation.

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