LEADER 04049nam 2200637 a 450 001 9910785145303321 005 20200520144314.0 010 $a1-282-82092-3 010 $a9786612820922 010 $a1-4008-2869-4 024 7 $a10.1515/9781400828692 035 $a(CKB)2670000000046694 035 $a(EBL)617240 035 $a(OCoLC)677130637 035 $a(SSID)ssj0000424930 035 $a(PQKBManifestationID)11321898 035 $a(PQKBTitleCode)TC0000424930 035 $a(PQKBWorkID)10475267 035 $a(PQKB)11356698 035 $a(MdBmJHUP)muse36543 035 $a(DE-B1597)446863 035 $a(OCoLC)979968415 035 $a(DE-B1597)9781400828692 035 $a(Au-PeEL)EBL617240 035 $a(CaPaEBR)ebr10421687 035 $a(CaONFJC)MIL282092 035 $a(MiAaPQ)EBC617240 035 $a(EXLCZ)992670000000046694 100 $a20071129d2008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPatent failure$b[electronic resource] $ehow judges, bureaucrats, and lawyers put innovators at risk /$fJames Bessen and Michael J. Meurer 205 $aCourse Book 210 $aPrinceton $cPrinceton University Press$dc2008 215 $a1 online resource (346 p.) 300 $aDescription based upon print version of record. 311 $a0-691-13491-X 311 $a0-691-14321-8 320 $aIncludes bibliographical references (p. [295]-314) and index. 327 $aThe argument in brief -- Why property rights work, how property rights fail -- If you can't tell the boundaries, then it ain't property -- Survey of empirical research : do patents perform like property? -- What are U.S. patents worth to their owners? -- The cost of disputes -- How important is the failure of patent notice? -- Small inventors -- Abstract patents and software -- Making patents work as property -- Reforms to improve notice -- A glance forward. 330 $aIn 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. Only in some sectors, such as the pharmaceutical industry, do patents act as advertised, with their benefits outweighing the related costs. By showing how the patent system has fallen short in providing predictable legal boundaries, Patent Failure serves as a call for change in institutions and laws. There are no simple solutions, but Bessen and Meurer's reform proposals need to be heard. The health and competitiveness of the nation's economy depend on it. 606 $aPatent laws and legislation$zUnited States 615 0$aPatent laws and legislation 676 $a346.7304/86 700 $aBessen$b James$f1958-$01478715 701 $aMeurer$b Michael James$01478716 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910785145303321 996 $aPatent failure$93694516 997 $aUNINA