Abstract and Keywords
This chapter analyzes the second wave of the economic study of intellectual property (IP) law. This second wave is characterized by two primary features: increasing methodological diversity and sophistication and an emphasis on contextualization—understanding how IP law is embedded in larger social and economic systems, and how IP interacts with other aspects of those systems to foster innovative ideas and economic growth. The chapter first discuss the many ways that second-wave scholarship seeks to show how IP rights are embedded in broader economic contexts, and thus diverges from first-wave research, which tended to focus exclusively on IP rights as the central determinants of economic activity. Next, it considers the many different methodologies being deployed to study issues in the economics of IP rights—from large-scale empirical work to surveys to interviews to experimental research.
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