Intellectual Property Rights , Input Markets , and the Value of Intangible Assets

@inproceedings{Gilson1999IntellectualPR,
  title={Intellectual Property Rights , Input Markets , and the Value of Intangible Assets},
  author={Ron Gilson and Oliver Hart and Thomas Hellman and Naomi R. Lamoreaux and Mark A. Lemley and Suzanne Scotchmer},
  year={1999}
}
Intellectual property rights (IPRs) appear to play an important role in facilitating production and exchange in certain input markets. This paper provides a simple theory about the relationship between stronger IPRs and contract-based production under assumptions of incomplete contracting. Employing some features of Grossman and Hart, Hart and Moore, and Hart (1995) (" GHM "), it is shown that property rights over intangible assets create incentives for independent supplier firms to produce… CONTINUE READING

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