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Patents: Economics

Patents: Economics

Regular price £176.48
Regular price Sale price £176.48
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Patents play a complex role in the economy, serving as a double-edged sword that incentivizes innovation but can also hinder development and lower research and development investments. The value of patents depends on market demand and the potential for monopoly pricing, which can have negative effects on innovation. Critics argue that patents may have a broader impact on the economy, potentially stifling innovation and increasing costs for consumers. Recent research has explored the theoretical and empirical evidence surrounding patents, examining their role in encouraging innovation and the consequences of monopolistic pricing. By understanding the economic dynamics of patents, we can better navigate the balance between innovation and competition.
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Description
Patents play a complex role in the economy, serving as a double-edged sword that incentivizes innovation but can also hinder development and lower research and development investments. The value of patents depends on market demand and the potential for monopoly pricing, which can have negative effects on innovation. Critics argue that patents may have a broader impact on the economy, potentially stifling innovation and increasing costs for consumers. Recent research has explored the theoretical and empirical evidence surrounding patents, examining their role in encouraging innovation and the consequences of monopolistic pricing. By understanding the economic dynamics of patents, we can better navigate the balance between innovation and competition.
Details
  • Product Type: BOOK
  • Barcode: 9781845424817
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