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This chapter summarizes historical evidence on the link between patent laws and innovation. Earlier historical analyses … have emphasized the importance of patent laws in encouraging innovation. Data on exhibits at international technology fairs … that non-patent mechanisms may play an important role in encouraging innovation. They also show that inventors’ dependency …
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This paper introduces a unique historical data set of more than 8,000 British and American innovations at world fairs between 1851 and 1915 to explore the relationship between patents and innovations. The data indicate that the majority of innovations - 89 percent of British exhibits in 1851 -...
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