Last Tuesday (on June 16), the USPTO and Hoover Institution held a joint conference entitled “What is the Academy’s Role in Evidence-based Policy Making for Intellectual Property” (our earlier post about the conference is here).
A lot was discussed at the conference, but here’s an example of one of the topics covered:
The US patent system is a solution to a delicate balancing act where the complete absence of intellectual property rights or the overly broad specification of those rights can thwart innovation. Inventors require the means to earn a return on the years spent perfecting an invention. Conversely, patents extending in perpetuity that require licensing and royalty payments would dissuade legitimate use and encourage excessive imitation. Further, a patent system providing property rights to the original patent holder for all future inventions that built on the original idea is nonoptimal.
If you weren’t able to view the conference last Tuesday, you can now watch it on-line. To view the video, just go to the Hoover Institution link for the event (link is here) and hit the play tab. Have some snacks at the ready- the video runs about 2 hours and 40 minutes.
Featured speakers included:
- Richard Sousa, Hoover Institution
- Shira Perlmutter, U.S. Patent and Trademark Office, Chief Policy Officer and Director for International Affairs
- Professor Jay Kesan, University of Illinois School of Law
- F. Scott Kieff, U.S. International Trade Commission and George Washington University School of Law
- Steve Haber, Hoover Institution and Stanford University
- Alan Marco, U.S Patent and Trademark Office, Chief Economist
- Tim Simcoe, President’s Council of Economic Advisers and Boston University
- Josh Wright, Federal Trade Commission and George Mason University
- Edison Research Scholars:
- Professor Joe Bailey, University of Maryland
- Professor Josh Sarnoff, DePaul University
- Professor Deepak Hegde, New York University