Intellectual Property Rights, Competition Policy And Innovation: Is There A Problem?
- Topics:
- Intellectual Property
- Tags:
- Business Operations,
- Innovation,
- Intellectual Property,
- Intellectual Property Right,
- Research & Development,
- University Of Edinburgh
- Source:
- University of Edinburgh
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Overview: Most of us share the presumption that when markets work well, they ought to be left undisturbed to get on with it. When, however, markets do not work well - when a "Market failure" of some type or other occurs - then there is scope for policy intervention. The case for intervening is not, of course, a complete no-brainer: intervention in the face of market failure only makes sense when it is likely to produce a more satisfactory outcome than would be produced were the market to be left on it's own. The author thinks that competition policy has an important role to play in stimulating innovative activity, and one that might both complement and even substitute for the type of protection offered by intellectual property rights.
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Format: PDF | Size: 62KB | Date: Oct 2004 | Pages: 10
