The Patent System
Explore the decentralized nature of the patent system and the role of profit incentives in driving innovation in medicine. Discover how individual entrepreneurs make investment decisions and how new entry is always possible in the pharmaceutical industry.In this clip
From this podcast
EconTalk
Richard Epstein on Property Rights and Drug Patents
Related Questions
How does the patent system work?
I have a question about the episode 326: Austin Meyer | Slaying the Patent Scam Trolls and the clip Patent System Reform. The legal protection that provides a company exclusive rights to produce and sell a unique product is known as a patent. Can you explain what a patent is in more detail?
Should drugs be regulated according to the discussions in the episode Richard Epstein on Property Rights and Drug Patents and the clip Government Regulation and Pharmaceutical Innovation?