The Case against Patents
FRB of St. Louis Working Paper No. 2012-035A
25 Pages Posted: 18 Sep 2012
Date Written: September 2012
The case against patents can be summarized briefly: there is no empirical evidence that they serve to increase innovation and productivity. There is strong evidence, instead, that patents have many negative consequences.
Keywords: patent, innovation, productivity
JEL Classification: D04, D23, O12, O34
Suggested Citation: Suggested Citation