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Article: Supreme Court Ruling on Patents Is Step in Right Direction, Economists Contend; Economists Propose Abolishment of Intellectual Property Restrictions.
- Article from:
- AScribe Law News Service
- Article date:
- May 1, 2007
CopyrightCOPYRIGHT 2007 AScribe. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Washington University in St. Louis
ST. LOUIS, May 1 (AScribe Newswire) -- The Supreme Court's decision April 30 to raise the bar for patents on products combining elements of pre-existing inventions is a landmark in the battle against so-called "nuisance patents" and just one more sign that the tide is turning against overly restrictive and costly intellectual property right protections, suggests a pair of economists from Washington University in St. Louis.
"This may be an important watershed in patent law," contends David K. Levine, an economist who studies the hidden costs of intellectual property rights protections.
Levine and ...