Is there a biomedical anticommons? Patent holders have a strong interest in profiting from their patents.(Health & Medicine)(patent protection)

From: Regulation | Date: June 22, 2004| Author: | Copyright information

SIX YEARS AGO IN SCIENCE, MICHAEL HELLER and Rebecca Eisenberg asked the disarmingly simple question whether patent protection could deter biomedical research. They treated patent protection as a two-edged sword: Happily, it spurs innovation by securing to inventors the fruits of their labors but, unhappily, it also creates a vast thicket that gives each patent holder a potential veto right over the innovations of others. They dubbed that potentially dangerous veto right "the tragedy of the anticommons." According to Heller and Eisenberg, that tragedy occurs when property rights ...

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