Business Method Patents, Innovation, and Policy

Bronwyn Hall

No 9717, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The trickle of business method patents issued by the United States Patent Office became a flood after the State Street Bank decision in 1998. Many scholars, both legal and economic, have critiqued both the quality of these patents and the decision itself. This paper discusses the likely impact of these patents on innovation. It first reviews the facts about business method and internet patents briefly and then explores what economists know about the relationship between the patent system and innovation. It concludes by finding some consensus in the literature about the problems associated with this particular expansion of patentable subject matter, highlighting remaining areas of disagreement, and suggesting where there are major gaps in our understanding of the impact of these patents.

JEL-codes: K3 L4 (search for similar items in EconPapers)
Date: 2003-05
New Economics Papers: this item is included in nep-his, nep-ino, nep-law and nep-net
Note: IO PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

Published as Bronwyn H. Hall, 2009. "BUSINESS AND FINANCIAL METHOD PATENTS, INNOVATION, AND POLICY," Scottish Journal of Political Economy, vol 56(4), pages 443-473.

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Related works:
Working Paper: Business Method Patents, Innovation, and Policy (2004)
Working Paper: Business Method Patents, Innovation, and Policy (2003)
Working Paper: Business Method Patents, Innovation, and Policy (2003)
Working Paper: Business Method Patents, Innovation, and Policy (2003)
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