Opening Word document…
Scholarly consensus.
Iancu and Kappos 23 – former undersecretary of Commerce for intellectual property and director of the U.S. Patent and Trademark Office; former undersecretary of Commerce for intellectual property and director of the United States Patent and Trademark Office.
Andrei Iancu and David Kappos, “Replacing Patents with Prizes Bad for Innovation,” Boston Hearld, 08-20-2023, https://www.bostonherald.com/2023/08/20/iancu-kappos-replacing-patents-with-prizes-bad-for-patients/
Prizes were a fad hundreds of years ago. They did not work. All serious scholarship has demonstrated that prizes fail badly at incentivizing innovation, as compared to our tried-and-true patent system.
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