Not always, but in general, a proof of concept prototype (built in parts, at small scale, or simulated) will be an order of magnitude cheaper than a production unit.
Would a white paper for a free energy generator be accepted to a respected peer reviewed journal? Probably not, but there are tons of these truely worthless granted patents out there diluting the system. I strongly believe we need inventors to prove their claims via demonstration, one way or another.
Drug manufacture however seems more like a profit thing. Open up the results for companies to make generics. Profit motive will ensure efficient delivery.
They found that companies took an average of 7.3 years to win FDA approval, at a median cost of $648 million. Only two drugs had research costs over $1 billion. Adding in the cost of capital at 7 percent increased the median research and development cost to $757 million—less than a third of the Tufts estimate.[1]
[1] https://www.theatlantic.com/health/archive/2019/03/drug-pric...
In the situation of an imaginary future where patents are scrapped, pharmaceutical companies will be unlikely to continue to invest in the current fashion. I took GP to suggest that this would be an issue. I was trying to make the point that tax payers through something like NIH grants would be to take up the slack. Making the research available patent free so that generics can be manufactured.
Obviously this wouldn't be a simple transition and incredibly unlikely. But its an interesting intellectual exercise to think about.
[1](https://www.statnews.com/2018/02/12/nih-funding-drug-develop...)
And the problem is that the patents of today do their best to be as vague as possible (in order to maximize the "area under patent"), while either being obvious or not revealing sufficient details for one to recreate the patented invention from the patent. Not to mention that patents lengths are not in line with exponential rate of progress.
So if they already fail at the functions they were created for, how worse are they from trade secrets? Maybe what we should do is not only get rid of patents, but also reduce protections around trade secrets? People will keep trying to make money anyway, this will still lead to inventions, but that way, at least society will get to make use of those inventions.
(Drug research is an exception I'm not sure how to handle, though.)