Critiquing Prizes as an Alternative Mechanism for Promoting Innovation
We’re pleased to bring to you a guest post by Avani Bagaria, analysing the benefits and pitfalls of using prizes as an alternative to patents for incentivsing innovation. Avani is a 5th year student at Jindal Global Law School, Sonipat. Critiquing Prizes as an Alternative Mechanism for Promoting Innovation Avani Bagaria Introduction Under the prize mechanism for encouraging innovation, the inventors are awarded through the means of cash prizes rather than granting a monopoly over the usage of their invention […]
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