Tag Archive for incentives

Counterproductive Patent Incentives

Earlier this year, a pair of economists, Jay Bhattacharya and Mikko Packalen, published a research paper proposing an explanation for why scientific progress appears to have slowed.  Their theory?  An overemphasis on citation count, h-index, and similar metrics for scientists incentivizes them to pursue safe, late-stage research, not the scientific exploration needed to create the…

Open COVID Science Shows Patents Not The Only Incentive

The standard economic justification for patents is that they provide an incentive for inventions that we wouldn’t otherwise have.  In exchange for providing a patent owner with compensation for its invention, the inventor describes a new idea to the public and 20 years later, the public can use it.   There’s a lot of reasons why…