The Drug Innovation Paradox: Matching Incentives to Market Realities

The hardest things are often the most important things. That’s one of the implicit justifications for the intellectual property system. If we want people to do the hard and important work of researching, developing, and commercializing game-changing innovations, then we need to secure the fruits of their labor with property rights. In her forthcoming paper, […]

How Strong Patents Make Wealthy Nations

Cross-posted from the Center for the Protection of Intellectual Property (CPIP) blog. By Devlin Hartline & Kevin Madigan How did the world’s wealthiest nations grow rich? The answer, according to Professor Stephen Haber of Stanford University, is that “they had well-developed systems of private property.” In Patents and the Wealth of Nations, recently published in […]

Acknowledging the Limitations of the FTC’s PAE Study

Cross-posted from the Center for the Protection of Intellectual Property (CPIP) blog. The FTC’s long-awaited case study of patent assertion entities (PAEs) is expected to be released this spring. Using its subpoena power under Section 6(b) to gather information from a handful of firms, the study promises us a glimpse at their inner workings. But […]

How Patents Help Startups Grow, Innovate, and Succeed

The following post first appeared on the Center for the Protection of Intellectual Property (CPIP) blog, and it is reposted with permission here. Many academic studies of the patent system focus on the negative, extrapolating from anecdotes about a few bad actors to make the case that our patent system is broken and to bolster […]