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

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Author Info
Richard Watt (University of Canterbury)

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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.

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Publisher Info
Article provided by Berkeley Electronic Press in its journal Review of Law & Economics.

Volume (Year): 3 (2007)
Issue (Month): 3 ()
Pages: 3
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Handle: RePEc:bep:rlecon:3:2007:3:3

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References listed on IDEAS
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  1. Akerlof, George A, 1970. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, MIT Press, vol. 84(3), pages 488-500, August. [Downloadable!] (restricted)
  2. Rothschild, Michael & Stiglitz, Joseph E, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, MIT Press, vol. 90(4), pages 630-49, November.
  3. Ehrlich, Isaac & Becker, Gary S, 1972. "Market Insurance, Self-Insurance, and Self-Protection," Journal of Political Economy, University of Chicago Press, vol. 80(4), pages 623-48, July-Aug.. [Downloadable!] (restricted)
  4. Francesca Cornelli & Mark Schankerman, 1999. "Patent Renewals and R&D Incentives," RAND Journal of Economics, The RAND Corporation, vol. 30(2), pages 197-213, Summer. [Downloadable!] (restricted)
  5. Suzanne Scotchmer, 1999. "On the Optimality of the Patent Renewal System," RAND Journal of Economics, The RAND Corporation, vol. 30(2), pages 181-196, Summer. [Downloadable!] (restricted)
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This page was last updated on 2008-11-13.


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