History and the Debate Over Intellectual Property

Traditional medicine and intellectual property

Medical plants have a great value in traditional knowledge related to human health care both used whole plant or consisting in curative remedies. These valuable uses has been led to commercial use of medicinal plants and their derivatives which makes great benefits. Also there is a growing desire to use of completely natural materials as curative drugs around the world. These facts show up a gr...

Traditional medicine and intellectual property

Medical plants have a great value in traditional knowledge related to human health care both used whole plant or consisting in curative remedies. These valuable uses has been led to commercial use of medicinal plants and their derivatives which makes great benefits. Also there is a growing desire to use of completely natural materials as curative drugs around the world. These facts show up a gr...

Control Rights over Intellectual Property: Corporate Venturing and Bankruptcy Regimes1

We develop a theory of control rights in the context of licensing interim innovative knowledge for further development, which is consistent with the inalienability of initial innovator’s intellectual property rights (IPR). Control rights of a downstream development unit, a buyer of the interim innovation, arise from his ability to prevent the upstream research unit from forming …nancial coaliti...

Intellectual property.

Appropriation and Intellectual Property

A standard rationale for intellectual property is that by awarding a monopoly to innovators the government increases the amount of social surplus appropriated from invention, thereby improving efficiency. Indeed, if an inventor can appropriate the full surplus from his invention the first best will be obtained. We observe that while full appropriation is sufficient for efficiency, it is not nec...