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Journal of Intellectual Property Law & Practice 2007 2(9):567-568; doi:10.1093/jiplp/jpm157
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© The Author (2007). Published by Oxford University Press. All rights reserved

Editorial

The patent lottery

Jeremy Phillips
The first 10% of the full text of this article appears below.

A recent study by Boston academic economists James Bessen and Michael Muerer has argued that many patents are simply not worth having. Their case is based on the analysis of a large body of data. As James Bessen says, in a comment posted in response to criticism on the IPKat weblog,

"We derived our estimates of patent rents after reviewing 16 different papers published over 25 years, involving 17 different authors and several different methodologies. . . . [Full Text of this Article]


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