There are very good arguments in favor of the existence of patents and copyrights. Copyrights and and patent reward creators and innovators for their work. Of c

There are very good arguments in favor of the existence of patents and copyrights. Copyrights and and patent reward creators and innovators for their work. Of course giving these legal rights too much force (eg indefinite copyright, overly broad patent licenses) is harmful since it restricts further innovation and increases the price of consuming creative goods. But the question is not whether patents and copyright are pure good or pure evil, but how we should make use of these legal tools to improve society. http://economics.mit.edu/files/7720 http://economics.mit.edu/files/7720 http://link.springer.com/article/10.1007/s10887-015-9114-3 http://link.springer.com/article/10.1007/s10887-015-9114-3