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Author Info

  • Cooter, Robert

    ()
    (University of California at Berkeley)

  • Edlin, Aaron

    (University of California at Berkeley)

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    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?".

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    File URL: http://ratio.se/media/84918/rc_ae_clearings.pdf
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    Bibliographic Info

    Paper provided by The Ratio Institute in its series Ratio Working Papers with number 168.

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    Length: 22 pages
    Date of creation: 27 Jun 2011
    Date of revision:
    Handle: RePEc:hhs:ratioi:0168

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    Related research

    Keywords: Institutions; property rights; intellectual property rights; law and economics;

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    Cited by:
    1. Voigt, Stefan & Gutmann, Jerg, 2013. "Turning cheap talk into economic growth: On the relationship between property rights and judicial independence," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 66-73.

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