High-tech exports play a crucial role in the growth and prosperity of the national economy due to higher added value and higher profitability. However, gaining a competitive advantage and increasing high-tech exports is arduous because of the highly competitive environment in global markets. In...

One of the main objectives of the World Trade Organization (WTO) is to facilitate world’s trade and production. It enforces legally binding multilateral agreements on trade in goods, services and trade-related aspects of intellectual property rights. The Trade Related Intellectual...

This paper attempts to provide an analytical framework to analyze organizational forms in the knowledge economy. We first outline some historical trends that have transformed the organization of production over the last few decades. We show that this transformation has taken place not only in...

The unprecedented development of intellectual property rights (both in scale and scope) has been one of the most important factors in the transformation of the world economy over the last three decades. We argue that, at least in part, economic importance of knowledge has brought an overreaching...

Public lawmakers have inadequate and misaligned incentives to engage in legal innovation. Private lawmaking is offered as a potential solution to this problem. However, private lawmaking faces a dilemma: In order to be effective, the cost-reducing standard forms produced by private lawdrafters...

Although patents are the prototypical type of protection that most people consider applicable to protecting drugs, patents are just the most-established and well-known method available to protect drugs from competition. However, there are other types of mechanisms in regulatory laws that provide...

Copyright protection of the restoration and reconstruction of works, especially of public domain works, is a controversial matter. One of the pillars of copyright protection, the requirement that the work is original, that is, it originates from the author and does not derive entirely from a...

A property right (ius in rem, real right) is an abstract legal concept which relates to an object, referred to as “thing” or “res,” or imprecisely, but commonly, “property.” This object of property is a product of legal categorisation; it may be represented by a physical thing or it...

At the start of the Industrial Revolution, patentees created many novel and complex transactions to commercialize their property: they maximized their profits through sophisticated agreements that imposed restrictions on manufacturing, sales, and other uses of their inventions. When these...

Right now in the art world, claims by theft victims (or their heirs) abound. High-profile examples include claims to art stolen from or sold under duress by Jews persecuted by the Third Reich, which currently are pending in nine federal courts, and the Peruvian government’s claim against Yale...