18 Alb. L.J. Sci. & Tech. 381 (2008)
Placing a Glove on the Invisible Hand: How Intellectual Property Rights May Impede Innovation in Energy Research and Development (R&(and)D)

handle is hein.journals/albnyst18 and id is 385 raw text is: PLACING A GLOVE ON THE INVISIBLE
HAND: HOW INTELLECTUAL PROPERTY
RIGHTS MAY IMPEDE INNOVATION IN
ENERGY RESEARCH AND DEVELOPMENT
(R&D)
Dr. Benjamin K Sovacool*
ABSTRACT
Contrary to the impassioned view that strong intellectual property
rights always spur innovation, this Article focuses on how a host of
intellectual property barriers may impede the diffusion of renewable
energy technologies, clean coal systems, and alternative vehicles. High
transaction costs, legal and structural problems at the U.S. Patent and
Trademark Office, cognitive biases, anti-competitive patent techniques,
and disintegrating government-university-industry partnerships can
prevent the innovation and diffusion of clean energy technologies.
Quick and decisive action may be warranted to overcome these barriers
if  greenhouse   gas   reducing   energy   systems   are   to  reach
commercialization.
* Dr. Benjamin K. Sovacool is currently a Research Fellow in the Energy
Governance Program at the Centre on Asia and Globalization, part of the Lee
Kuan Yew School of Public Policy at the National University of Singapore. He
is an Adjunct Assistant Professor at the Virginia Polytechnic Institute & State
University in Blacksburg, VA, where he has taught for the Government and
International Affairs Program and the Department of History. Dr. Sovacool
recently completed work on a grant from the National Science Found ation's
Electric Power Networks Efficiency and Security Program investigating the
social impediments to distributed and renewable energy systems. He has also
consulted for the Virginia Center for Coal and Energy Research, New York
State Energy Research and Development Authority, Oak Ridge National
Laboratory, and U.S. Department of Energy's Climate Change Technology
Program. His most recent book is an edited volume entitled Energy and
American Society-Thirteen Myths, published by Springer in 2007. He holds a
Ph.D in Science & Technology Studies from the Virginia Polytechnic Institute &
State University, an M.A. in Rhetoric from Wayne State University, and a B.A.
in Philosophy from John Carroll University. Email: bsovacool@nus.edu.sg.

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