VIEWS: 5 PAGES: 3 CATEGORY: Science & Technology POSTED ON: 5/30/2010
If the end result of a uniform system is to favor innovation in one field at the expense of others, then the patent system will effectively influence the allocation of capital to different economic activities, resulting in an unintentional form of industrial policy. In other words, a patent owner who obtains an injunction can potentially extract settlements that approach the financial and opportunity cost of withdrawing the product from the market and redesigning, remanufacturing, and remarketing it.
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"Reexamining the Patent System"Please download to view full document