What Can the Economics of Intellectual Property Learn from the Economics of Insurance?

Richard Watt ()

Review of Law & Economics, 2007, vol. 3, issue 3, 677-692

Abstract: This paper considers how the economics of intellectual property can benefit from what has been published in the area of the economics of insurance. The objective is to show that the two areas of study are sufficiently related for the insights of the latter to be relevant to the former. Since the economics of insurance is a very mature subject, while the economics of IP is much younger, it seems that there could be many valuable lessons from insurance that can be imported into IP, at least at a first degree of approximation.

Date: 2007
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DOI: 10.2202/1555-5879.1155

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