Patents and Patent Policy

B.H. Hall*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


A patent is the legal right of an inventor to exclude others from making or using a particular invention. This right is sometimes termed an 'intellectual property right' and is viewed as an incentive for innovation. This article surveys the evidence on patent effectiveness in encouraging innovation and reviews the current controversies in patent policy.
Original languageEnglish
Pages (from-to)568–587
JournalOxford Review of Economic Policy
Issue number4
Publication statusPublished - 2007

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