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The Battle Over Patents: Why US-style patent system has come to dominate other methods of encouraging inventive activity?

Summary:
Stephen H. Haber & Naomi R. Lamoreaux in this timely NBER paper which is first chapter of their upcoming book: This essay is the introduction to a book of the same title, forthcoming in summer of 2021 from Oxford University Press. The purpose is to document the ways in which patent systems are products of battles over the economic surplus from innovation. The features of these systems take shape as interests at different points in the production chain seek advantage in any way they can, and consequently, they are riven with imperfections. The interesting historical question is why US-style patent systems with all their imperfections have come to dominate other methods of encouraging inventive activity. The essays in the book suggest that the creation of a tradable but temporary

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Stephen H. Haber & Naomi R. Lamoreaux in this timely NBER paper which is first chapter of their upcoming book:

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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