Video: Markets for Technology – Is the patent system broken?
In this video Stefan Wagner examines the function of markets for technology and their implications for innovation and progress. The idea that the patent system has broken down is based on two key observations: The first observation is that the number of patent applications worldwide is increasing steadily. The second observation is that the number of court cases involving these patents is increasing at an even higher rate. Stefan Wagner points out which factors explain those developments and discusses the consequences for the companies´ behavior.