Edited by Stephen E. Margolis, Professor of Economics and Craig M. Newmark, Associate Professor of Economics, North Carolina State University, US

‘Research on intellectual property is a classic topic that, if anything, is even more relevant today because of improvements and diffusion of copying technologies. Margolis and Newmark have done an excellent job of covering the main papers and controversies in this literature, including classic papers by authors such as Barzel, Demsetz, and Posner and more recent important authors such as Lerner and Liebowitz. The volume is an essential resource for anyone interested in understanding the many insights found in the literature on this important and timely topic.’

• Contents: Volume IAcknowledgementsIntroduction Stephen E. Margolis and Craig M. NewmarkPART IINTELLECTUAL PROPERTY 1. Roger D. Blair and Thomas F. Cotter (2005), ‘The Law and Economics of IPRs’2. Richard A. Posner (2002), ‘The Law and Economics of Intellectual Property’3. Harold Demsetz (1964), ‘The Exchange and Enforcement of Property Rights’4. Harold Demsetz (1970), ‘The Private Production of Public Goods’5. Edmund W. Kitch (2000), ‘Elementary and Persistent Errors in the Economic Analysis of Intellectual Property’6. Mark A. Lemley (2005), ‘Property, Intellectual Property, and Free Riding’7. John F. Duffy (2005), ‘Intellectual Property Isolationism and the Average Cost Thesis’8. Mark A. Lemley (2005), ‘What’s Different About Intellectual Property? Reply’9. Peter S. Menell (2007), ‘Intellectual Property and the Property Rights Movement’10. Richard A. Epstein (2008), ‘The Property Rights Movement and Intellectual Property’11. Peter S. Menell (2008), ‘Intellectual Property and the Law of the Land’12. Richard A. Epstein (2008), ‘A Final Response to Menell’13. R. Polk Wagner (2003), ‘Information Wants to Be Free: Intellectual Property and the Mythologies of Control’14. Harold Demsetz (1967), ‘Toward a Theory of Property Rights’15. Robert P. Merges (2000), ‘One Hundred Years of Solicitude: Intellectual Property Law, 1900–2000’PART IICOPYRIGHT 16. William M. Landes and Richard A. Posner (1989), ‘An Economic Analysis of Copyright Law’17. Wendy J. Gordon (1982), ‘Fair Use as Market Failure: A Structural and Economic Analysis of the “Betamax” Case and Its Predecessors’18. S.J. Liebowitz (1985), ‘Copying and Indirect Appropriability: Photocopying of Journals’19. Stan J. Liebowitz (2006), ‘File Sharing: Creative Destruction or Just Plain Destruction?’20. Richard A. Epstein (1992), ‘International News Service v. Associated Press: Custom and Law as Sources of Property Rights in News’21. Stanley M. Besen, Shelia N. Kirby and Steven C. Salop (1992), ‘An Economic Analysis of Copyright Collectives’Name IndexVolume IIPART IPATENTS 1. Yoram Barzel (1968), ‘Optimal Timings of Innovations’2. Edmund W. Kitch (1977), ‘The Nature and Function of the Patent System’3. Donald G. McFetridge and Douglas A. Smith (1980), ‘Patents, Prospects, and Economic Surplus: A Comment’4. Mark F. Grady and Jay I. Alexander (1992), ‘Patent Law and Rent Dissipation’5. John F. Duffy (2004), ‘Rethinking the Prospect Theory of Patents’6. F. Scott Kieff (2001), ‘Property Rights and Property Rules for Commercializing Inventions’7. Michael A. Heller and Rebecca S. Eisenberg (1998), ‘Can Patents Deter Innovation? The Anticommons in Biomedical Research’8. F. Scott Kieff, (2007) ‘On Coordinating Transactions in Intellectual Property: A Response to Smith’s Delineating Entitlements in Information’9. George Bittlingmayer (1988), ‘Property Rights, Progress, and the Aircraft Patent Agreement10. Bronwyn H. Hall and Rosemarie Ham Ziedonis (2001), ‘The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979–1995’11. Joshua Lerner (1994), ‘The Importance of Patent Scope: An Empirical Analysis’PART IITRADE SECRECY AND PROPRIETARY INFORMATION 12. David D. Friedman, William M. Landes and Richard A. Posner (1991), ‘Some Economics of Trade Secret Law’13. Edmund W. Kitch (1980), ‘The Law and Economics of Rights in Valuable Information’14. Chris Montville (2007), ‘Reforming the Law of Proprietary Information’PART IIITRADEMARK 15. William M. Landes and Richard A. Posner (1987), ‘Trademark Law: An Economic Perspective’16. Alex Kozinski (1993), ‘Trademarks Unplugged’17. Mark A. Lemley (1999), ‘The Modern Lanham Act and the Death of Common Sense’18. Benjamin Klein and Keith B. Leffler (1981), ‘The Role of Market Forces in Assuring Contractual Performance’19. I.P.L. Png and David Reitman (1995), ‘Why Are Some Products Branded and Others Not?’Name Index

Edited by Stephen E. Margolis, Professor of Economics and Craig M. Newmark, Associate Professor of Economics, North Carolina State University, US

‘Research on intellectual property is a classic topic that, if anything, is even more relevant today because of improvements and diffusion of copying technologies. Margolis and Newmark have done an excellent job of covering the main papers and controversies in this literature, including classic papers by authors such as Barzel, Demsetz, and Posner and more recent important authors such as Lerner and Liebowitz. The volume is an essential resource for anyone interested in understanding the many insights found in the literature on this important and timely topic.’

• Contents: Volume IAcknowledgementsIntroduction Stephen E. Margolis and Craig M. NewmarkPART IINTELLECTUAL PROPERTY 1. Roger D. Blair and Thomas F. Cotter (2005), ‘The Law and Economics of IPRs’2. Richard A. Posner (2002), ‘The Law and Economics of Intellectual Property’3. Harold Demsetz (1964), ‘The Exchange and Enforcement of Property Rights’4. Harold Demsetz (1970), ‘The Private Production of Public Goods’5. Edmund W. Kitch (2000), ‘Elementary and Persistent Errors in the Economic Analysis of Intellectual Property’6. Mark A. Lemley (2005), ‘Property, Intellectual Property, and Free Riding’7. John F. Duffy (2005), ‘Intellectual Property Isolationism and the Average Cost Thesis’8. Mark A. Lemley (2005), ‘What’s Different About Intellectual Property? Reply’9. Peter S. Menell (2007), ‘Intellectual Property and the Property Rights Movement’10. Richard A. Epstein (2008), ‘The Property Rights Movement and Intellectual Property’11. Peter S. Menell (2008), ‘Intellectual Property and the Law of the Land’12. Richard A. Epstein (2008), ‘A Final Response to Menell’13. R. Polk Wagner (2003), ‘Information Wants to Be Free: Intellectual Property and the Mythologies of Control’14. Harold Demsetz (1967), ‘Toward a Theory of Property Rights’15. Robert P. Merges (2000), ‘One Hundred Years of Solicitude: Intellectual Property Law, 1900–2000’PART IICOPYRIGHT 16. William M. Landes and Richard A. Posner (1989), ‘An Economic Analysis of Copyright Law’17. Wendy J. Gordon (1982), ‘Fair Use as Market Failure: A Structural and Economic Analysis of the “Betamax” Case and Its Predecessors’18. S.J. Liebowitz (1985), ‘Copying and Indirect Appropriability: Photocopying of Journals’19. Stan J. Liebowitz (2006), ‘File Sharing: Creative Destruction or Just Plain Destruction?’20. Richard A. Epstein (1992), ‘International News Service v. Associated Press: Custom and Law as Sources of Property Rights in News’21. Stanley M. Besen, Shelia N. Kirby and Steven C. Salop (1992), ‘An Economic Analysis of Copyright Collectives’Name IndexVolume IIPART IPATENTS 1. Yoram Barzel (1968), ‘Optimal Timings of Innovations’2. Edmund W. Kitch (1977), ‘The Nature and Function of the Patent System’3. Donald G. McFetridge and Douglas A. Smith (1980), ‘Patents, Prospects, and Economic Surplus: A Comment’4. Mark F. Grady and Jay I. Alexander (1992), ‘Patent Law and Rent Dissipation’5. John F. Duffy (2004), ‘Rethinking the Prospect Theory of Patents’6. F. Scott Kieff (2001), ‘Property Rights and Property Rules for Commercializing Inventions’7. Michael A. Heller and Rebecca S. Eisenberg (1998), ‘Can Patents Deter Innovation? The Anticommons in Biomedical Research’8. F. Scott Kieff, (2007) ‘On Coordinating Transactions in Intellectual Property: A Response to Smith’s Delineating Entitlements in Information’9. George Bittlingmayer (1988), ‘Property Rights, Progress, and the Aircraft Patent Agreement10. Bronwyn H. Hall and Rosemarie Ham Ziedonis (2001), ‘The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979–1995’11. Joshua Lerner (1994), ‘The Importance of Patent Scope: An Empirical Analysis’PART IITRADE SECRECY AND PROPRIETARY INFORMATION 12. David D. Friedman, William M. Landes and Richard A. Posner (1991), ‘Some Economics of Trade Secret Law’13. Edmund W. Kitch (1980), ‘The Law and Economics of Rights in Valuable Information’14. Chris Montville (2007), ‘Reforming the Law of Proprietary Information’PART IIITRADEMARK 15. William M. Landes and Richard A. Posner (1987), ‘Trademark Law: An Economic Perspective’16. Alex Kozinski (1993), ‘Trademarks Unplugged’17. Mark A. Lemley (1999), ‘The Modern Lanham Act and the Death of Common Sense’18. Benjamin Klein and Keith B. Leffler (1981), ‘The Role of Market Forces in Assuring Contractual Performance’19. I.P.L. Png and David Reitman (1995), ‘Why Are Some Products Branded and Others Not?’Name Index

Edited by Stephen E. Margolis, Professor of Economics and Craig M. Newmark, Associate Professor of Economics, North Carolina State University, US

‘Research on intellectual property is a classic topic that, if anything, is even more relevant today because of improvements and diffusion of copying technologies. Margolis and Newmark have done an excellent job of covering the main papers and controversies in this literature, including classic papers by authors such as Barzel, Demsetz, and Posner and more recent important authors such as Lerner and Liebowitz. The volume is an essential resource for anyone interested in understanding the many insights found in the literature on this important and timely topic.’

• Contents: Volume IAcknowledgementsIntroduction Stephen E. Margolis and Craig M. NewmarkPART IINTELLECTUAL PROPERTY 1. Roger D. Blair and Thomas F. Cotter (2005), ‘The Law and Economics of IPRs’2. Richard A. Posner (2002), ‘The Law and Economics of Intellectual Property’3. Harold Demsetz (1964), ‘The Exchange and Enforcement of Property Rights’4. Harold Demsetz (1970), ‘The Private Production of Public Goods’5. Edmund W. Kitch (2000), ‘Elementary and Persistent Errors in the Economic Analysis of Intellectual Property’6. Mark A. Lemley (2005), ‘Property, Intellectual Property, and Free Riding’7. John F. Duffy (2005), ‘Intellectual Property Isolationism and the Average Cost Thesis’8. Mark A. Lemley (2005), ‘What’s Different About Intellectual Property? Reply’9. Peter S. Menell (2007), ‘Intellectual Property and the Property Rights Movement’10. Richard A. Epstein (2008), ‘The Property Rights Movement and Intellectual Property’11. Peter S. Menell (2008), ‘Intellectual Property and the Law of the Land’12. Richard A. Epstein (2008), ‘A Final Response to Menell’13. R. Polk Wagner (2003), ‘Information Wants to Be Free: Intellectual Property and the Mythologies of Control’14. Harold Demsetz (1967), ‘Toward a Theory of Property Rights’15. Robert P. Merges (2000), ‘One Hundred Years of Solicitude: Intellectual Property Law, 1900–2000’PART IICOPYRIGHT 16. William M. Landes and Richard A. Posner (1989), ‘An Economic Analysis of Copyright Law’17. Wendy J. Gordon (1982), ‘Fair Use as Market Failure: A Structural and Economic Analysis of the “Betamax” Case and Its Predecessors’18. S.J. Liebowitz (1985), ‘Copying and Indirect Appropriability: Photocopying of Journals’19. Stan J. Liebowitz (2006), ‘File Sharing: Creative Destruction or Just Plain Destruction?’20. Richard A. Epstein (1992), ‘International News Service v. Associated Press: Custom and Law as Sources of Property Rights in News’21. Stanley M. Besen, Shelia N. Kirby and Steven C. Salop (1992), ‘An Economic Analysis of Copyright Collectives’Name IndexVolume IIPART IPATENTS 1. Yoram Barzel (1968), ‘Optimal Timings of Innovations’2. Edmund W. Kitch (1977), ‘The Nature and Function of the Patent System’3. Donald G. McFetridge and Douglas A. Smith (1980), ‘Patents, Prospects, and Economic Surplus: A Comment’4. Mark F. Grady and Jay I. Alexander (1992), ‘Patent Law and Rent Dissipation’5. John F. Duffy (2004), ‘Rethinking the Prospect Theory of Patents’6. F. Scott Kieff (2001), ‘Property Rights and Property Rules for Commercializing Inventions’7. Michael A. Heller and Rebecca S. Eisenberg (1998), ‘Can Patents Deter Innovation? The Anticommons in Biomedical Research’8. F. Scott Kieff, (2007) ‘On Coordinating Transactions in Intellectual Property: A Response to Smith’s Delineating Entitlements in Information’9. George Bittlingmayer (1988), ‘Property Rights, Progress, and the Aircraft Patent Agreement10. Bronwyn H. Hall and Rosemarie Ham Ziedonis (2001), ‘The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979–1995’11. Joshua Lerner (1994), ‘The Importance of Patent Scope: An Empirical Analysis’PART IITRADE SECRECY AND PROPRIETARY INFORMATION 12. David D. Friedman, William M. Landes and Richard A. Posner (1991), ‘Some Economics of Trade Secret Law’13. Edmund W. Kitch (1980), ‘The Law and Economics of Rights in Valuable Information’14. Chris Montville (2007), ‘Reforming the Law of Proprietary Information’PART IIITRADEMARK 15. William M. Landes and Richard A. Posner (1987), ‘Trademark Law: An Economic Perspective’16. Alex Kozinski (1993), ‘Trademarks Unplugged’17. Mark A. Lemley (1999), ‘The Modern Lanham Act and the Death of Common Sense’18. Benjamin Klein and Keith B. Leffler (1981), ‘The Role of Market Forces in Assuring Contractual Performance’19. I.P.L. Png and David Reitman (1995), ‘Why Are Some Products Branded and Others Not?’Name Index