The value of intellectual property rights to firms and society

Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation, but they recognize that they can also inhibit competition. There are many types of IPRs and institutions concerned with their administration. We begin by outlining how these complex and varied rights are...

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Veröffentlicht in:Oxford review of economic policy 2007, Vol.23 (4), p.541-567
Hauptverfasser: Greenhalgh, Christine, Rogers, Mark
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container_title Oxford review of economic policy
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creator Greenhalgh, Christine
Rogers, Mark
description Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation, but they recognize that they can also inhibit competition. There are many types of IPRs and institutions concerned with their administration. We begin by outlining how these complex and varied rights are supposed to work and how they interact with other characteristics of firms and markets. We then survey the available literature on patents, trade marks, and copyright to assess the value of these IPRs to firms and the costs to firms of acquiring and defending their rights. The paper concludes with suggestions for topics requiring further research to inform public policy better.
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source Jstor Complete Legacy; Oxford University Press Journals All Titles (1996-Current); PAIS Index
subjects Anniversaries
Business innovation
Business structures
Competition
Copyright
Economic policy
Economic value
innovation
Innovations
Intellectual property
Intellectual property law
Market value
O31
O34
Product innovation
Property rights
Public policy
R&D
Research & development
Social innovation
Society
Studies
Technological innovation
Trade
trade marks
Trademarks
title The value of intellectual property rights to firms and society
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