Intellectual Property : The Law and Economics Approach

@inproceedings{Posner2006IntellectualP,
  title={Intellectual Property : The Law and Economics Approach},
  author={Richard A. Posner},
  year={2006}
}
T he traditional focus of economic analysis of intellectual property has been on reconciling incentives for producing such property with concerns about restricting access to it by granting exclusive rights in intellectual goods—that is, by “propertizing” them—thus enabling the owner to charge a price for access that exceeds marginal cost. For example, patentability provides an additional incentive to produce inventions, but requiring that the information in patents be published and that patents… CONTINUE READING

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