Audio by title anup_malani_and_jonathan_masur_the_true_cost_of_patents

Anup Malani and Jonathan Masur, "The True Cost of Patents"

Patents encourage innovation by granting inventors exclusive rights to sell their inventions. The resulting monopoly profits are a reward for innovation. It is commonly thought, however, that these monopoly profits price some consumers of inventions out of the market. This loss of consumption is an “efficiency” cost of patents.

61:36 minutes (56.39 MB)