5min chapter

The Soho Forum Debates cover image

Abolish Intellectual Property Rights?

The Soho Forum Debates

CHAPTER

How Does the Patent System Work?

The patent system essentially overcomes the holdout problem that you get by having an extremely developed institutional set of arrangementsl which works in this particular fashion. Many of these drugs were discovered in earlier and simpler times, where it turns out that you didn't have the kind of massive development course tare associated to day. The question is whether or not the unprotected stuff will make it into the market place faster than it will with some degree of protection. And i didn't hear any response to the statements associated with bydole, which took a situation where everything was, in fact, in the public domain, and found that it did not work particularly well. We're trying to figure out what it

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