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What are the best arguments for awarding a property right, specifically a patent, to the discoverer of any new and useful idea (meeting other requirements
What are the best arguments for awarding a "property right," specifically a patent, to the discoverer of any new and useful idea (meeting other requirements for patents)? Can you think of an alternative government policy to encourage innovation? Which is superior, from a law and economics perspective - the patent/property right solution or an alternative - and why?
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