Abstract:
Because the patent system is nowadays under criticisms, it is legitimate to question whether patents provide the best incentive mechanism for innovation. Wouldn?t it be preferable to base incentives on a reward system? This is the question addressed in this article, first in a general perspective and then, by considering the specific case of the pharmaceutical industry. JEL code ? L51, L65, L88, 034.
JEL-codes:L51L65L88 (search for similar items in EconPapers) Date: 2006