Patents: Prompting or Restricting Innovation?

Marc Baudry,Beatrice Dumont

Patents: Prompting or Restricting Innovation?
Format
Hardback
Publisher
Wiley-Blackwell US
Country
United Kingdom
Published
10 October 2017
Pages
274
ISBN
9781786301185

Patents: Prompting or Restricting Innovation?

Marc Baudry,Beatrice Dumont

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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