Nonobviousness and the Incentive to Innovate: An Economic Analysis of Intellectual Property Reform
Cite
SSRN
Year
1999
Bluebook cite
Hunt, Robert M., "Nonobviousness and the Incentive to Innovate: An Economic Analysis of Intellectual Property Reform" (April 1999). Federal Reserve Bank of Philadelphia Working Paper 99-3. Available at SSRN: http://ssrn.com/abstract=160674 or DOI: 10.2139/ssrn.160674
Author makes the point that less stringent nonobviousness requirements in patent law can lead to less research and development activity especially in industries which rapidly innovate.