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Clearings and Thickets

Robert Cooter () and Aaron Edlin
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Robert Cooter: University of California at Berkeley
Aaron Edlin: University of California at Berkeley

No 168, Ratio Working Papers from The Ratio Institute

Abstract: Intellectual property law, which includes patents and copyright law, establishes the ownership of innovations by people. It conveys a bundle of rights to creators as determined by rules. Applied to intellectual property law, the normative question of growth economics is, “Which ownership rules maximize innovation?” In order to increase the pace of innovation, ownership rules should increase venture profits. So the question of this essay is, “Which ownership rules maximize venture profits?".

Keywords: Institutions; property rights; intellectual property rights; law and economics (search for similar items in EconPapers)
JEL-codes: D02 D23 K11 O31 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2011-06-27
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Citations: View citations in EconPapers (1)

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