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Abolish Intellectual Property Rights?

The Soho Forum Debates

CHAPTER

The Impact of Patents on Innovation

The literature on the impact of patents on innovation must be considered emergent. There is clear empirical evidence that the patent system is broken. My own estimates, based upon estimates of the cost of patent trolling, is that patents cost at least 100 billion dollars a year on the economy. So we're paying a hundred n dollars, and we're getting less innovation for the bargain.

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