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Patents and Other Intellectual Property Rights

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Author Info
Moschini, GianCarlo

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Abstract

In this article, the author reviews intellectual property rights (IPRs), with some emphasis on the protection of agricultural and life sciences innovations. The main institutional features of IPRs are first discussed, along with a brief historical background and an articulation of the main rationale for the existence of such rights. This is followed by an overview of the principal economic issues related to IPRs. The author explains the main benefit/cost trade-offs of allowing patents and other IPRs, and then analyzes specific issues in some depth, including the scope of patent protection, the effects of patent races, and the problems arising when IPRs concern cumulative and/or complementary innovations. The author further illustrates the economics of IPRs by considering instruments alternative to patents, such as prizes and government procurement contracts. Finally, the author briefly discusses some open policy issues in this area.

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File URL: http://www.econ.iastate.edu/research/webpapers/paper_1982.pdf
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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 1982.

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Date of creation: 22 May 2001
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Handle: RePEc:isu:genres:1982

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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A1 - General Economics and Teaching - - General Economics

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  1. Moschini, Giancarlo, 2003. "Intellectual Property Rights and the World Trade Organization: Retrospect and Prospects," Staff General Research Papers 10442, Iowa State University, Department of Economics. [Downloadable!]
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This page was last updated on 2009-12-21.

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