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From the Publisher"How to promote innovation is a vitally important question facing modern economies, and Suzanne Scotchmer is one of our leading thinkers on the subject. Here she provides a masterly synthesis of her own work and that of others." Eric S.
Maskin, A. O. Hirschman Professor of Social Science, Institute for Advanced Study
"*Innovation And Incentives* covers the entire waterfront of intellectual property. Not only does it outline the core economic theories of information, but it's chock full of facts as well. We learn why new ideas are a scarce commodity and why patent pools can sometimes lower prices. Scotchmer is an excellent writer who jams interesting anecdotes into every nook and cranny of this book."—Ian Ayres,Townsend Professor, Yale Law School, and author of *Why Not? How to Use Everyday Ingenuity to Solve Problems Big and Small*