August 17, 2007

Do Patented Items Make Money

Michael Fitzgerald (The New York Times, July 15, 2007) shares the views of lawyers, economists, and inventors on whether the current U.S. patent laws help or discourage innovation.

For example, James Bessen (lecturer at Boston University’s law school) has demonstrated that patent litigation costs are almost twice as high as the profits from the patented items. He is working on a forthcoming book that will document his findings and theories. Some researchers have suggested his profit estimates are too low.

The article also discusses solutions to modifying or demolishing the current patent system. For example, the USPTO is experimenting with public, open commenting to help patent examiners.

Categories

Trackbacks

Trackback URL for this entry is: http://blog.case.edu/bcg8/mt-tb.cgi/14879

Alternative Trackback Sources: | Google It! | Technorati | Bloglines

Comments

Posted by karim
Posted on August 28, 2007 09:32 AM

very useful article for me.