ECO320H1 Final: exam answers
Document Summary
Both from the point of view of the inventor and society at large. [aside: morse"s sixth claim (disallowed) was for all ways of using electromagnetism to transmit letters and figures to a distance--and thus covered the fax, email, tv, . That was his idea, the telegraph he had invented was simply one implementation of that idea. If the claims are too narrow, the patent is not worth much to the inventor and therefore the return to investment in innovation is too small. Broad patents discourage future innovation: [2002, midterm #1b] patent races: if i make my invention a day before you do, i get all the rights to it, and as my competitor, you get none. Discuss the costs and benefits associated with this feature of the patenting system. A this system of first to register gets all the rights encourages rent seeking patent races. There is an incentive for inefficient competition to be first: [2001, midterm]comment on the following:
