Intellectual Property in the Cathedral
ACCESS CHALLENGES IN THE 21ST CENTURY, Dana Beldiman, et al. eds., 2013
13 Pages Posted: 2 Nov 2012 Last revised: 30 Nov 2012
Date Written: November 1, 2012
A variety of commentators have called for the increased application of liability rules, including compulsory licenses, to intellectual property. Such arguments are well taken, but unfortunately stop short of advocating the full range of potential intellectual property entitlement allocations. Property theory offers a range of allocative structures, including reverse liability rules and “put”-type entitlements that could be beneficially applied to intellectual property. This chapter describes several such rules and argues for their consideration in the canon of intellectual property entitlements.
Keywords: property rules, liability rules, compulsory licenses, patents, intellectual property, call, put, options
JEL Classification: D23, H41, K11, O31, O34
Suggested Citation: Suggested Citation