The economics of ideas and intellectual property.

by: M Boldrin, DK Levine

Proc Natl Acad Sci U S A, Vol. 102, No. 4. (25 January 2005), pp. 1252-1256.

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Abstract

Innovation and the adoption of new ideas is fundamental to economic progress. Here we examine the underlying economics of the market for ideas. From a positive perspective, we examine how such markets function with and without government intervention. From a normative perspective, we examine the pitfalls of existing institutions, and how they might be improved. We highlight recent research by us and others challenging the notion that government awards of monopoly through patents and copyright are "the way" to provide appropriate incentives for innovation.

@article{citeulike:84309, abstract = {Innovation and the adoption of new ideas is fundamental to economic progress. Here we examine the underlying economics of the market for ideas. From a positive perspective, we examine how such markets function with and without government intervention. From a normative perspective, we examine the pitfalls of existing institutions, and how they might be improved. We highlight recent research by us and others challenging the notion that government awards of monopoly through patents and copyright are "the way" to provide appropriate incentives for innovation.}, address = {Department of Economics, University of Minnesota, Minneapolis, MN 55455.}, author = {Boldrin, M. and Levine, D. K. }, citeulike-article-id = {84309}, doi = {10.1073/pnas.0407730102}, issn = {0027-8424}, journal = {Proc Natl Acad Sci U S A}, keywords = {law}, month = {January}, number = {4}, pages = {1252--1256}, posted-at = {2005-03-25 11:05:10}, priority = {3}, title = {The economics of ideas and intellectual property.}, url = {http://dx.doi.org/10.1073/pnas.0407730102}, volume = {102}, year = {2005} }

RIS record

TY - JOUR ID - citeulike:84309 L3 - citeulike-article-id:84309 TI - The economics of ideas and intellectual property. JF - Proc Natl Acad Sci U S A VL - 102 IS - 4 SP - 1252 EP - 1256 AD - Department of Economics, University of Minnesota, Minneapolis, MN 55455. SN - 0027-8424 N2 - Innovation and the adoption of new ideas is fundamental to economic progress. Here we examine the underlying economics of the market for ideas. From a positive perspective, we examine how such markets function with and without government intervention. From a normative perspective, we examine the pitfalls of existing institutions, and how they might be improved. We highlight recent research by us and others challenging the notion that government awards of monopoly through patents and copyright are "the way" to provide appropriate incentives for innovation. KW - law AU - Boldrin, M AU - Levine, DK PY - 2005/01/25/ UR - http://dx.doi.org/10.1073/pnas.0407730102 ER -

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