The Netherlands abolished its patent system in 1869. What did subsequent innovation in the Netherlands teach us about patents? Since more low-income households started inventing, patents must be an exclusive institution Since fewer women were inventing, patents are an inclusive institution Patents aren't necessary for innovation, but they can affect the types of innovation we get. Without patents, societies become stagnant

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 4SCQ: If Congress reduced the period of patent protection from 20 years to 10 years, what would likely...
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The Netherlands abolished its patent
system in 1869. What did subsequent
innovation in the Netherlands teach us
about patents?
Since more low-income households
started inventing, patents must be an
exclusive institution
Since fewer women were inventing,
patents are an inclusive institution
Patents aren't necessary for innovation,
but they can affect the types of innovation
we get.
Without patents, societies become
stagnant
Transcribed Image Text:The Netherlands abolished its patent system in 1869. What did subsequent innovation in the Netherlands teach us about patents? Since more low-income households started inventing, patents must be an exclusive institution Since fewer women were inventing, patents are an inclusive institution Patents aren't necessary for innovation, but they can affect the types of innovation we get. Without patents, societies become stagnant
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