Intellectual property has traditionally been a matter for the legal professions, but with the shift to evidence-based policy, the global ecomic upheaval, and the advent of the digital age, intellectual property is increasingly informed by ecomic perspectives. This book is a comprehensive, critical analysis of ecomic interpretations of intellectual property, written for researchers, practitioners and policymakers. It analyses the interface between ecomics, finance, accountancy and intellectual property law. Commencing with a critical analysis of the ecomics of invation, law, industrial organisation and welfare, the book then critiques the ecomics of specific intellectual property rights, including copyright, patents, trade marks, geographical indications and design rights. It further assesses the interaction between ecomics, IP and competition. Finally, it examines why, when and how IP generates value, reviewing contemporary approaches to valuation and accounting, and the emerging use of IP to facilitate business finance. This analytical text offers readers a better understanding of IP's contribution to macro- and microecomics, as well as insights that inform the debate on evidence-based IP policy.
Dr. Nicola Searle is an economist at Goldsmiths, University of London. Martin Brassell is co-founder and Chief Executive of Inngot.