What are the best arguments for awarding a property right, Ask an Expert

Management Studies

What are the best arguments for awarding a "property right" specifically a patent, to the discoverer of any new and useful idea? Please state clearly atleast one objection to allowing ideas to be privately owned. And also is there an alternative government policy to encourage innovation that avoids the stated problem? Which is superior, from a law and economics perspective - the patent/property right solution or your alternative?

Please explain in detail.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93077545

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