The Nature and Function of the Patent system

Name
The Nature and Function of the Patent system
Cite
20 J.L. and Econ. 265
Year
1977
Bluebook cite
Edmund W. Kitch, The Nature And Function Of The Patent System, 20 J.L. and Econ. 265 (1977)

Author
Edmund W. Kitch
URL
http://heinonline.org.www.libproxy.wvu.edu/HOL/Page?collection=journals&handle=hein.journals/jlecono20&id=269

Item Type
article
Summary
The nature and function of the patent system has been explored to explain the performance of the patent system as a function. The patent system performs a function to increase the output from resources used for technological innovation. Consideration of the prospect function suggests that patents facing competition from alternative approaches to the technological and market problem may in fact be the important class. The property rights in information has been defined. The frequency of interferences within the patent system indicates that the problem of duplicative search is not a negligible one in the development of technology.

Excerpts and Summaries

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