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 |
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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. |
doi_str_mv | 10.1093/oxrep/grm035 |
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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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