Abstract
It is now widely recognized that smaller firms make contributions to innovation that are quite disproportionate to their financial resources. They could do even more if the intellectual property system, which was originally designed to protect individual creativity, had not been captured in the interest of large firms. This paper explains why and how this happened, and discusses a series of remedies to make the use of patents attractive again to smaller firms and individual inventors, without damaging their value to large firms.
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