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Intellectual Property and the Markets of Ideas

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Author Info
Giovanni B. Ramello () (Department of Economics, Università Carlo Cattaneo, LIUC)

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Abstract

This article summarizes the law and economics theory of IPRs, while at the same time suggests hints for further research. The standard literature on IPRs generally relies on the thesis of the incentive to create new ideas. Although this argument remains valid in the general case, in several circumstances it fails to take into account various consequences arising from the dynamic effect of IPRs on the market structure. The main conclusion is that the economic evaluation of IP based on a more suitable representation of creative contexts might reveal a different balance of welfare and lead to different policy indications.

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Publisher Info
Article provided by Concept Economics in its journal Review of Network Economics.

Volume (Year): 4 (2005)
Issue (Month): 2 (June)
Pages: 161-180
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Handle: RePEc:rne:rneart:v:4:y:2005:i:2:p:161-180

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Related research
Keywords: intellectual property rights; IPRs; market structure; knowledge economy;

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References listed on IDEAS
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  1. Anderson, Robert D, 1998. "The Interface between Competition Policy and Intellectual Property in the Context of the International Trading System," Journal of International Economic Law, Oxford University Press, vol. 1(4), pages 655-78, December.
  2. Choi, Jay Pil, 1998. "Brand Extension as Informational Leverage," Review of Economic Studies, Blackwell Publishing, vol. 65(4), pages 655-69, October. [Downloadable!] (restricted)
    Other versions:
  3. Hirshleifer, Jack, 1971. "The Private and Social Value of Information and the Reward to Inventive Activity," American Economic Review, American Economic Association, vol. 61(4), pages 561-74, September. [Downloadable!] (restricted)
  4. Friedman, David D & Landes, William M & Posner, Richard A, 1991. "Some Economics of Trade Secret Law," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 61-72, Winter. [Downloadable!] (restricted)
  5. Landes, William M & Posner, Richard A, 1987. "Trademark Law: An Economic Perspective," Journal of Law & Economics, University of Chicago Press, vol. 30(2), pages 265-309, October.
  6. Kitch, Edmund W, 1977. "The Nature and Function of the Patent System," Journal of Law & Economics, University of Chicago Press, vol. 20(2), pages 265-90, October.
  7. Besen, Stanley M & Raskind, Leo J, 1991. "An Introduction to the Law and Economics of Intellectual Property," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 3-27, Winter. [Downloadable!] (restricted)
  8. Michele Boldrin & David K Levine, 2002. "The Case Against Intellectual Property," Levine's Working Paper Archive 618897000000000003, David K. Levine. [Downloadable!]
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  9. Hansmann, Henry & Santilli, Marina, 1997. "Authors' and Artists' Moral Rights: A Comparative Legal and Economic Analysis," Journal of Legal Studies, University of Chicago Press, vol. 26(1), pages 95-143, January.
  10. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc. [Downloadable!]
  11. Arthur De Vany & W. Walls, 1999. "Uncertainty in the Movie Industry: Does Star Power Reduce the Terror of the Box Office?," Journal of Cultural Economics, Springer, vol. 23(4), pages 285-318, November. [Downloadable!] (restricted)
  12. Lerner, Josh & Tirole, Jean, 2001. "The open source movement: Key research questions," European Economic Review, Elsevier, vol. 45(4-6), pages 819-826, May. [Downloadable!] (restricted)
  13. Gilbert, Richard J & Newbery, David M G, 1982. "Preemptive Patenting and the Persistence of Monopoly," American Economic Review, American Economic Association, vol. 72(3), pages 514-26, June. [Downloadable!] (restricted)
  14. Armstrong, Mark, 1999. "Competition in the Pay-TV Market," Journal of the Japanese and International Economies, Elsevier, vol. 13(4), pages 257-280, December. [Downloadable!] (restricted)
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