This book addresses several aspects of the law and economics of intellectual property rights (IPRs) that have been underanalyzed in the existing literature. It begins with a brief overview of patents, trade secrets, copyrights, and trademarks, and the enforcement and licensing of IPRs, focusing on the remedies available for infringement (injunctions, various forms of damages, and damages calculation issues); the standard of care (strict liability versus an intent- or negligence-based standard); and the rules for determining standing to sue and joinder of defendant for IPR violations. The authors demonstrate that the core assumption of IPR regimes - that IPRs maximize certain social benefits over social costs by providing a necessary inducement for the production and distribution of intellectual products - have several important implications for the optimal design of remedies, the standard of care, and the law of standing and joinder.
• Covers both IP rights and remedies to IP challenges, including ones not usually covered • Authors are two of the country's leading specialists in the economics and law of intellectual property • One of the first books on this subject wholly devoted to the subject matter from an economic perspective
1. Introduction; 2. The law and economics of IPRs; 3. A general theory of damages rules; 4. Departures from the general theory; 5. Liability standards for IPRs; 6. Who is an infringer?; 7. Who should be entitled to sue for infringement?; 8. Calculating monetary damages; 9. Concluding remarks.
'… the authors, both of whom have impeccable credentials and have created a work of undoubted scholarship.' European Intellectual Property Review