The Value of Intellectual Property Rights to Firms
Christine Greenhalgh and
Mark Rogers
No 06-036, Discussion Papers from Stanford Institute for Economic Policy Research
Abstract:
Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation, but they recognize that they can also inhibit competition. There are many types of IPRs and of institutions concerned with their administration. We begin by outlining how these complex and varied rights are supposed to work and how they interact with other characteristics of firms and markets. We then survey the available literature on patents, trade marks and copyright to assess the value of these IPRs to firms and the costs to firms of acquiring and defending their rights. The paper concludes with suggestions for topics requiring further research to better inform public policy in this field.
Keywords: innovation; intellectual property; patents; trade marks; copyright. (search for similar items in EconPapers)
JEL-codes: O31 O34 (search for similar items in EconPapers)
Date: 2007-03
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Citations: View citations in EconPapers (38)
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Working Paper: The Value of Intellectual Property Rights to Firms (2007)
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