January 1980
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24 Reads
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9 Citations
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Citations (1)
... Without protection, many firms would not be inclined to commit the large amount of funds required to develop an innovation (Stiglitz, 1993). However, there is still no clear conclusion from the empirical evidence that patents have stimulated innovation (Braunstein et al., 1980). This continues to be too costly investment for firms, which still tend to think that they will not be fully recompensed, due to conditions such as the time taken for processing applications for these rights or the slow pace of justice when these rights are exercised. ...
- Citing Article
January 1980