A Public Choice View of IP(rizes)
EUI RSCAS PP, 2012/10, Global Governance Programme, Global Economics
LEVMORE, Saul, A Public Choice View of IP(rizes), EUI RSCAS PP, 2012/10, Global Governance Programme, Global Economics - https://hdl.handle.net/1814/23982
Retrieved from Cadmus, EUI Research Repository
Interest groups have played an important if unappreciated role in shaping intellectual property rights. As economies are driven by ideas, rather than manufactured goods, there is likely to be a reconfiguration of the incentives granted and withheld from innovators. The paper argues that prizes (rather than intellectual property rights) – including grants, subsidies, and various contractual promises – will increase in importance. The discussion includes prizes as substitutes for both patents and copyrights, and suggests that industries as diverse as pharmaceuticals and newsgathering are likely fields for an "iPrize Revolution." The change is the product of interest group forces and not necessarily efficient.
Cadmus permanent link: https://hdl.handle.net/1814/23982
Series/Number: EUI RSCAS PP; 2012/10; Global Governance Programme; Global Economics
Other topic(s): Regulation and economic policy