Tag: 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...
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...