The U.S. Patent System, The Coase Theorem, and the Era of Efficient Infringement
Briefly

"According to Coase, obstacles to bargaining and/or poorly defined property rights lead to an inefficient marketplace.You need look no further than the current state of the U.S. patent system for living proof of this theorem."There is little doubt that the way patent rights are viewed and protected has transformed over the last 15 to 17 years.
Read at IPWatchdog.com | Patents & Intellectual Property Law
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