Professor Jacob Sherkow has co-authored a blog post for patent and IP blog, Written Description. In the post, Sherkow and co-authors discuss how policymakers could use "pull" mechanisms to improve COVID-19 innovation incentives. An excerpt follows:
Pull mechanisms are anything that changes the expected ex post reward for an invention, including policies that change the effective market size. Potential innovators, knowing of the enhanced rewards, are more likely to devote higher innovative effort toward a desired goal. By creating rewards on the back end, these mechanisms “pull” innovative effort toward a goal, as opposed to mechanisms that provide resources for innovation on the front end (like grants) that “push” innovative effort forward.
Read the full post at writtendescription.blogspot.com.