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Searle, Nicola --- "The hard sell: economics and intellectual property policy in the creative and cultural industries" [2018] ELECD 200; in Brown, E.L. Abbe; Waelde, Charlotte (eds), "Research Handbook on Intellectual Property and Creative Industries" (Edward Elgar Publishing, 2018) 351

Book Title: Research Handbook on Intellectual Property and Creative Industries

Editor(s): Brown, E.L. Abbe; Waelde, Charlotte

Publisher: Edward Elgar Publishing

ISBN: 9781786431165

Section: Chapter 26

Section Title: The hard sell: economics and intellectual property policy in the creative and cultural industries

Author(s): Searle, Nicola

Number of pages: 8

Abstract/Description:

This chapter examines the state of economics of IP policy and its development, and identifies potential areas of growth. Beginning with an exploration of the supply and demand of economic analysis in IP policy, the chapter describes the use of economic evidence of IP, namely understanding of the economic impact of IP, in policy development from the perspectives of industry and policy makers. It notes long-standing challenges in balancing the needs of various parties with the rigour of economic practice, and the success of industry lobbying. It further describes challenges in the development of the economics of IP, as the emergence of economics of IP as a sub-discipline overlaps with existing economic sub disciplines, and the classic difficulties of using social science methods in the intangible world of IP.