The Value of Intellectual Property Rights to Firms

Christine Anne Greenhalgh () and Mark Rogers ()

No 319, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation. There are many types of IPRs and of 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 better inform public policy in this field.

Keywords: Innovation; Intellectual Property; Patents; Trade Marks; Copyright (search for similar items in EconPapers)
JEL-codes: O31 O34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino and nep-ipr
Date: 2007
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Persistent link: http://EconPapers.repec.org/RePEc:oxf:wpaper:319

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