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REPORT GrowthIntellectual Property

Working Paper: Rents and Inefficiency in the Patent and Copyright System: Is There a Better Route?

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August 2016, Dean Baker

This paper analyzes the evidence for rents due to the patent and copyright systems for financing innovation and creative work. It notes research suggesting that in both the patent and copyright system, the costs in the form of monopoly pricing and rent-seeking activity outweigh the benefits. It then proposes alternatives to the patent and copyright system.

The Kauffman Foundation helped support this work.

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