Tag: innovation
New Study Links Patent Trolls to Decline in R&D Spending and Other Ills

A new paper (“Patent Trolls: Evidence from Targeted Firms”) written by researchers from Harvard University and the University of Texas  offers more evidence of the harm that patent trolls cause to the American economy.  The data show that (1) trolls target companies flush with cash, (2) seek targets likely to settle rather than litigate, and (3) that…
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Tech Companies Work to Tame Patent Trolls without Government Help

In the wake of Congress failing to pass patent litigation reform this year, the private sector has gotten into gear and has taken matters into its own hands.  Tech companies have formed LOTNet.  This article from Motherboard sums up this new idea: As they say, if you can’t go through, go around. Enter the License…
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Patent Litigation Is No Laughing Matter… Or Is It?

As pointed out in my forthcoming Independent Institute book, Patent Trolls: Predatory Litigation and the Smothering of Innovation, the American patent system is in need of an overhaul. This is no laughing matter, but Stephen Colbert, in the following, recent segment from “The Colbert Report” on Comedy Central takes Amazon to task for claiming…
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Problem Solved, No Government Program Needed

In a classic article, Stanford University professor Kenneth Arrow argued that the market for medical care is inherently flawed because of asymmetric information. In what follows, I am going to embellish on the argument, making it even more forceful than it was in the original text. My book, Priceless: Curing the Healthcare Crisis, offers…
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Healthcare Entrepreneurs: Unleash the Innovative Caregivers

Although we often associate the term entrepreneur with profit seeking, the healthcare field is teeming with innovators who are largely motivated by altruism. As I wrote in my new book Priceless: Curing the Healthcare Crisis, take Dr. Jeffrey Brenner of Camden, New Jersey.* In any other field, Brenner would be a millionaire, but because…
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