Economic Foundations of Intellectual Property Rights

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2008

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"These anecdotes make the point that researchers and academics want their ideas to be disseminated. They work quite hard, in fact, traveling all over the world to disseminate their ideas. By contrast, intellectual property attempts to restrict the use of knowledge in one way or another. Intellectual property is supposed to encourage innovation. I argue below that a poorly designed intellectual property regime-one that creates excessively strong intellectual property rights-can actually impede innovation."

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intellectual property rights

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