Intellectual Property Incentives: Economics and Policy Implications

Posted by Social Science Research Network

Intellectual Property Incentives: Economics and Policy Implications Stephen M. Maurer (University of California)

Abstract: Classical proofs for the efficiency of markets do not extend to information goods. Economists have worked since the 1960s to construct sophisticated microeconomic framework for analyzing when intellectual property (“IP”) rights benefit to society. This chapter reviews IP theory’s main findings and asks how well they have been implemented in US law. Section III begins by reviewing how IP mediates the benefits of faster innovation

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