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The Economics of Intellectual Property: A Review to Identify Themes for Future Research

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  • Padraig Dixon
  • Christine Greenhalgh

Abstract

This paper reviews the literature on the economics of intellectual property rights (IPR), with a particular focus on the main industrial property rights of patents and trade marks. Intellectual property rights arise from the legal protection accorded to certain inventions or creations. We begin with a review of studies of innovation and IPR incidence, including their relationship with market structure. Our second topic is the valuation of IPR, which has been attempted via cost-based methods and econometric studies of productivity and market value. The cost incurred in the enforcement of IPR is a growing practical concern, but the literature here is less rich than for valuation. Our fourth topic is the relationship between public science and industry, which has been evolving rapidly in recent years. We then examine policy for the promotion of IPR both in the domestic policy arena and in the international context of the TRIPS agreement. We conclude with a list of suggested questions for future research.
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  • Padraig Dixon & Christine Greenhalgh, 2003. "The Economics of Intellectual Property: A Review to Identify Themes for Future Research," Levine's Working Paper Archive 618897000000000645, David K. Levine.
    • Handle: RePEc:cla:levarc:618897000000000645
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    Cited by:

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    2. Nicolas van Zeebroeck & Bruno van Pottelsberghe de la Potterie, 2011. "The vulnerability of patent value determinants," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(3), pages 283-308.
    3. Nicolas van Zeebroeck, 2011. "The puzzle of patent value indicators," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(1), pages 33-62.
    4. Christine Greenhalgh & Mark Rogers, 2007. "The Value of Intellectual Property Rights to Firms," Economics Series Working Papers 319, University of Oxford, Department of Economics.
    5. Oscar Nugroho & Roos K. Andadari, 2014. "The Innovation of Micro, Small, and Medium Enterprises: A Case Study of Laweyan Batik Village – Indonesia," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 5(2), pages 37-46, May.
    6. Xing Gao & Keyu Zhai & Yue Qiu & Mengqiu Cao & Meiling Wu, 2020. "Innovation Institution and Spatial Transfer of Energy Industry: The Case of Jiangsu Province, China," SAGE Open, , vol. 10(1), pages 21582440199, January.
    7. Mircea NEGRUTA & Ion NAFTANAILA, 2010. "IP Delimitations: A Managerial Point of View," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(3), pages 491-505, July.
    8. Franses, Ph.H.B.F. & Lede, M.M., 2012. "Income, Cultural Norms and Purchases of Counterfeits," Econometric Institute Research Papers EI 2012-26, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.

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    JEL classification:

    • K0 - Law and Economics - - General
    • L0 - Industrial Organization - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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