Innovation Policy and the Economy (NBER Innovation Policy by Adam B. Jaffe, Josh Lerner, Scott Stern

By Adam B. Jaffe, Josh Lerner, Scott Stern

The commercial value of leading edge job brings with it an energetic debate on public policy's impression at the innovation method. This annual sequence, subsidized via the nationwide Bureau of monetary learn, brings the paintings of best educational researchers to the wider coverage neighborhood. quantity 6 considers such subject matters because the variety of patent safety and the results of susceptible patents for innovation and pageant; reforms in U.S. patent coverage that may motivate innovation; the multifaceted advantages of the net for shoppers, together with expense pageant and novel kinds of verbal exchange; the drug improvement and approval strategy; the "offshoring" of study and improvement; and some great benefits of industry-specific experiences of the connection among innovation and pageant. The papers spotlight the function financial conception and empirical research can play in comparing present and potential innovation coverage choices.

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Gillman. 2003. S. C. ” Law & Policy in International Business 34: 859–895. indd 26 6/13/06 2:56:11 PM 2 Innovation and Its Discontents Adam B. S. innovation system has become increasingly troublesome, driven by two apparently mundane changes in patent law and policy. Economic analysis does not support abolishing patents, and even weakening the fundamental presumption of validity for appropriately issued patents would carry serious policy risks. The alternative is to make sure that, before they can be used to restrict the commercial activities of competitors, patents have gotten the appropriate scrutiny to ensure their validity.

2004. Innovation and Its Discontents: How Our Broken Patent System is Endangering Innovation and Progress, and What to Do About It. Princeton: Princeton University Press. Kingston, W. 1984. The Political Economy of Innovation. The Hague: Martinus Njhoff. Lemley, Mark A. 1990. ” California Law Review 78: 1599–1632. , R. Klevorick, R. Nelson, and S. Winter. 1987. ” Brookings Papers on Economic Activity 3: 783–831. , M. Schwartz, and S. Wagner. 1981. ” Economic Journal 91: 907–918. Merges, R. 1999.

Mark Janis, and Mark A. Lemley. 2003. ” Minnesota Law Review 87: 1719–1766. , and J. Kao. 2001. ” Journal of Economics & Management Strategy 10: 277–299. Jackson, T. 1997. Inside Intel: Andy Grove and the Rise of the World’s Most Powerful Chip Company. New York: Dutton. , and J. Lerner. 2004. Innovation and Its Discontents: How Our Broken Patent System is Endangering Innovation and Progress, and What to Do About It. Princeton: Princeton University Press. Kingston, W. 1984. The Political Economy of Innovation.

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