A strong patent system is to the detriment of innovation:A review of foreign literature

PDF(854 KB)

Science Research Management ›› 2011, Vol. 32 ›› Issue (10) : 104-108,160.

Liang Lingling, Chen Song

Author information +

History +

Abstract

Patent system has been regarded by the academia and governments as the best incentive mechanisms for inspiring passion for innovation and for encouraging innovation input. However, as the patent systems of main developed countries become increasingly stronger and stricter, more and more economists and innovation experts have continuously challenged this system. They point out that strong patent protection might hinder innovation and do harm to economic growth. Milder patent system working with other incentive mechanisms such as public funding, prizes, and patents buy-out will enable the innovation incentive system to operate more effectively.

Key words

patent system / innovation / economic growth / innovation incentive system

Cite this article

EndNote

Ris (Procite)

Bibtex

Download Citations

Liang Lingling, Chen Song. A strong patent system is to the detriment of innovation:A review of foreign literature[J]. Science Research Management. 2011, 32(10): 104-108,160

References

[1] Pigou, Arthur C. The Economics of Welfare[M]. 2d. London: Macmillan&Co., 1924. [2] Stiglitz, Joseph E. Economic Foundations of Intellectual Property Rights[J]. Duke Law Journal, 2008,57:1693. [3] Sulston, J. & Stiglitz, Joseph E. Science is Being Held Back by Outdated Laws.The Times, 2008-07-05. [4] Arrow, Knneth J. Welfare and the Allocation of Resources for Invention.Princeton University Press, 1962. [5] Stiglitz, Joseph E. Give Prizes Not Patents[J]. New Scientist, 2006. [6] Stiglitz, Joseph E. Prizes, Not Patents.http://www.project-syndicate.org/commentary/stiglitz81/English. [7] Helpman, E. Innovation, Imitation, and Intellectual Property Rights[J]. Econometrica, 1993,61(6):1247-1280. [8] Gould, David M. & Gruben, William C. The Role of Intellectual Property Rights in Economic Growth[J]. Jounal of Development Economics, 1996,48:323-350. [9] Lai, Edwin L. C. International intellectual property rights protection and the rate of product innovation[J]. Journal of Development Economics, 1998,55(1):133-153. [10] Falvey, R., Foster, N. & Greenaway, D. Intellectual Property Rights and Economic Growth[J]. Review of Development Economics, 2006,10(4):700-719. [11] Orsi, F. & Coriat, B. The New Role and Status of Intellectual Property Rights in Contemporary Capitalism[J]. Competition & Change, 2006,10(2):162-179. [12] Vallee, T. & Yildizoglu, M. Social and Technological Efficiency of Patent Systems[J]. Journal of Evolutionary Economics, 2006,16:189-206. [13] Horii, R. & Iwaisako, T. Economic Growth with Imperfect Protection of Intellectual Property Rights[J]. Journal of Economics, 2007,90(1):45-85. [14] Furukawa, Y. The protection of intellectual property rights and endogenous growth: Is stronger always better?[J]. Journal of Economic Dynamics and Control, 2007,31(11):3644-3670. [15] Gallini, N. & Scotchmer, S. Intellectual Property: When is it the Best Incentive system?.MIT Press, 2002. [16] Arundel, A. & Kabla, I. What Percentage of Innovations are Patented? Empirical Estimates for European Firms[J]. Research Policy, 1998,27:127-141. [17] Merges, Robert P. & Nelson, Richard R. On the Complex Economics of Patent Scope[J]. Columbia Law Review, 1990:839. [18] Bessen, J. & Maskin, E. Sequential Innovation, Patents and Immitation: MIT Working Paper[Z]. 2006. [19] Merges, R. Intellectual Property Rights and Bargaining Breakdown: the Case of Blocking Patents[J]. Tennessee Law Review, 1994,62:75-106. [20] Lerner, J. Patenting in the Shadow of Competition[J]. Journal of Law and Economics, 1995,38:463-495. [21] Scotchmer, S. Standing on the Shoulders of Giants: Cumulative Research and the Patent Law[J]. The Journal of Economic Perspectives, 1991,5(1):29-41. [22] Heller, Michael A. & Eisenberg, Rebecca S. Can Patents Deter Innovation? The Anticommons in Biomedical Research[J]. Science, 1998,280. [23] Cohen, W.M., Nelson, R.R. & Walsh J.P. Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or not): Working Paper 7552[Z]. National Bureau of Economic Research: 2000. [24] Goto, A. & Nagata, A. Technological Opportunities and Appropriability.Tokyo: 1996. [25] Mansfield, E. Patents and Innovation: an Empirical Study[J]. Management Science, 1986,32(2):173-181. [26] Taylor, C.T., Silberston, A. & Silberston, Z. A. The Economic Impact of the Patent System. A Study of the British Experience[M]. UK: Cambridge University, 1973. [27] Scherer, F. M. Patents and the Corporation: A Report on Industrial Technology under Changing Public Policy[M]. 2ed. Boston: Harvard University, 1959. [28] Andersen, B. If’Intellectual Property Rights’is the Answer, What is the Question? Revisiting the Patent Controversies[J]. Econ.Innov.New Techn., 2004,13(5):417-442. [29] Bessen, J. & Meurer, Michael J. Do Patents Peform Like Property?[J]. Academy of Management Perspectives, 2008,22(3):8-20. [30] Czarnitzki, D. Research and Development: Financial Constraints and the Role of Public Funding for Small and Medium-sized Enterprises: Centre for European Economic Research Discussion Paper,No. 02-74[Z]. 2002. [31] Wright, Brian D. The Economics of Invention Incentives: Patents, Prizes, and Research Contracts[J]. The American Economic Review, 1983,73(4):691-707. [32] Shavell, S. & Van, Ypersele T. Rewards Versus Intellectual Property Rights[J]. Journal of Law and Economics, 2001,44(2):525-547. [33] Kremer, M. Patents Buy-outs: A Mechanism for Encouraging Innovation[J]. Quarterly Journal of Economics, 1998,113:1137-1168. [34] Masters, William A. Research Prizes: A Mechanism to Reward Agricultural Innovation in Low-Income Regions: AgBioForum, 6(1&2): 71-74, 2003 . [35] Outterson, K. Patent Buy-Outs for Global Disease Innovation for Low-and Middle-Income Countries[J]. American Journal of Law & Medicine, 2006,32:159-173. [36] Hollis, A. Incentive Mechanisms for Innovation: IAPR Technical Paper 07005[Z]. 2007.