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

  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},
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


Publications referenced by this paper.
Showing 1-10 of 21 references

Outsourcing in Europe Adapts,” August 5, 1996

Chemical Market Reporter.
Crow, Michael M., Annetine C. Geligns, Richard N. Nelson and Bhaven N. Sampat. 1998. ARecent Changes in University-Industry Research Interactions: A Preliminary Analysis of Causes and Effects, undated Working Paper. Curtis, George Ticknor. 1849 Treatise on the Law of Patents for Useful Inventions (B • 1996
View 9 Excerpts
Highly Influenced

Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm,

Little, Brown. De Meza, David, Ben Lockwood
Q. J. Econ. 361387. Demsetz, Harold • 1998

The Tragedy of the Anticommons: Property in the Transition from Marx to Markets,” 111 Harv

Heller, A. Michael
L. Rev. 621-688. Journal of Proprietary Rights (1993a). "Japan IP Update." 5:31. Kortum, Samuel and Josh Lerner. 1997. AStronger Protection or Technological Revolution: What is Behind the Recent Surge in Patenting?,@ Harvard Business School Working Paper 98-012. • 1998

AForeign direct investment and the sourcing of technological advantage: Evidence from the biotechnology industry,@ 28 Journal of International Business Studies 267-284

Shan, Weijan, Jaeyong Song.
Stites, Janet. 1998. “Prospectus: For Start-up Companies Looking for Corporate Investors, it • 1997

AThe End of Friction? Property Rights and Contract in the >Newtonian= World of On-Line Commerce,@ 12 Berkeley Tech

Merges, P. Robert
L.J. 115. Merges, Robert P. 1997. Patent Law and Policy (2d ed.). Charlottesville, VA: Lexis Law Pub. Moore, Ann. 1996. AWhen Outsourcing Makes Most Cents. Business Chicago,@ April 01, 1996, p. 21. • 1997

AThe Incredible Shrinking Company: Virtual Companies Are Taking Outsourcing to New Limits.

Van Arnum, Patricia
Chemical Market Reporter, February • 1997

Outer Space: Problems of Law and Policy. Boulder, CO: Westview Press (2d edition)

Press. Reynolds, H Glenn, Robert P. Merges
ADriving Ahead; UAW Turns up Heat on Johnson Controls as Company Perfects Auto Supply Business,@ Pittsburgh Post-Gazette, February • 1997

AA Comparative Look at Intellectual Property Rights in the Software Industry,@ in The International Computer Software Industry: A Comparative Study of Industry Evolution and Structure (Oxford Univ

Merges, P. Robert
Press) (David Mowery, ed.), 272-303. Merges, Robert P. 1997a.AContracting Into Liability Rules: Intellectual Property Transactions and Collective Rights Organizations@, 84 California L. Rev 1293-1392. • 1996

ALong-term Change in the Organization of Inventive Activity.

Lamoreaux, R Naomi, Kenneth L. Sokoloff
Proc. Nat=l Acad. Sci • 1996

AThe Determinants and Impact of Property Rights: Land Titles on The Brazilian Frontier,

Thrainn Eggertson, Douglass C. North, +4 authors Robert Schneider
J. Institutional and Theoretical • 1996

Similar Papers

Loading similar papers…