Economics at your fingertips  

Property Rights and Invention

Katharine Rockett

Chapter Chapter 7 in Handbook of the Economics of Innovation, 2010, vol. 1, pp 315-380 from Elsevier

Abstract: We present a selective survey of the economic theory of intellectual property rights. After a brief description of the institutional framework, we discuss policy objectives and some basic welfare tradeoffs in intellectual property design. We consider the extent to which social objectives can be attained without intellectual property protection before passing on to intellectual property right design. We derive conclusions in the simplest, one-time innovation, case then investigate how these conclusions change when innovations build on each other or fit together as complements. Modifications of existing protection and optimal procurement of innovation are considered. Finally, we sketch enforcement and competition policy issues.

Keywords: incentives; innovation; intellectual property rights; patents; procurement (search for similar items in EconPapers)
JEL-codes: O3 D23 H41 K11 L51 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Property Rights and Invention (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/S0169-7218(10)01007-5

Access Statistics for this chapter

More chapters in Handbook of the Economics of Innovation from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2021-01-17
Handle: RePEc:eee:haechp:v1_315