Innovation is an inherently risky and uncertain process. Many of the broader challenges to innovation in general are both mirrored and exaggerated in environmental innovation. The four primary issues are externalities, uncertainty, asymmetric information, market power. Green technology is...

Drug patents are distorted. Unlike most other inventors, drug inventors must complete years of testing to the government’s specifications and seek government approval to commercialize their inventions. All the while, the patent term runs. When a drug inventor finally launches a medicine that...

Drug patents are distorted. Unlike most other inventors, drug inventors must complete years of testing to the government’s specifications and seek government approval to commercialize their inventions. All the while, the patent term runs. When a drug inventor finally launches a medicine that...

The debate in less developed nations over whether to adopt stronger patent protection laws emphasizes the tradeoff between encouraging development of relevant technology through the promise of monopoly profits and discouraging application of existing technology through monopoly control of patent...

The debate in less developed nations over whether to adopt stronger patent protection laws emphasizes the tradeoff between encouraging development of relevant technology through the promise of monopoly profits and discouraging application of existing technology through monopoly control of patent...