This chapter provides a comprehensive survey of the burgeoning literature on the law and economics of intellectual property. It is organized around the two principal objectives of intellectual property law: promoting innovation and aesthetic creativity (focusing on patent, trade secret, and...

The economic and social roles of Intellectual Property Rights (IPRs) are among the most puzzling mysteries of the current literature. The British Industrial Revolution initiate the era of a sustained economic growth all over the word and established institutions that have important effects even...