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Intellectual Property Rights and the Organization of Industries: New Perspectives in Law and Economics

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  • Antonio Nicita
  • Giovanni Ramello
  • Frederic Scherer

Abstract

The process of innovation usually differs from one industry to another, according to level of expected rents, the uncertainty over the return of investments and competition dynamics. The diversity of industries is largely reflected not only in their rate of innovation and growth, but also in the evolution of their governance structures. Notwithstanding the pervasive diversity of the organization of industries, the legal protection accorded by IPRs has evolved as a standard rule that grants the same protection across heterogeneous industries. In order to avoid economic distortions and rent dissipation, IPRs' definition and enforcement should be implemented on a case by case basis.

Suggested Citation

  • Antonio Nicita & Giovanni Ramello & Frederic Scherer, 2005. "Intellectual Property Rights and the Organization of Industries: New Perspectives in Law and Economics," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 12(3), pages 289-296.
  • Handle: RePEc:taf:ijecbs:v:12:y:2005:i:3:p:289-296 DOI: 10.1080/13571510500299029
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    References listed on IDEAS

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    1. Alessandro Acquisti & Hal R. Varian, 2005. "Conditioning Prices on Purchase History," Marketing Science, INFORMS, vol. 24(3), pages 367-381, May.
    2. J. Yannis Bakos, 1997. "Reducing Buyer Search Costs: Implications for Electronic Marketplaces," Management Science, INFORMS, pages 1676-1692.
    3. Steven C. Salop, 1979. "Monopolistic Competition with Outside Goods," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 141-156, Spring.
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