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Clearings and Thickets

Listed author(s):
  • Cooter, Robert


    (University of California at Berkeley)

  • Edlin, Aaron

    (University of California at Berkeley)

Registered author(s):

    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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    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
    Handle: RePEc:hhs:ratioi:0168
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