On the Priority of Intellectual Property Rights, Especially in Biotechnology


Journal Article

This article argues that considerations about the role and predictability of intellectual innovation make the protection of intellectual property morally obligatory even when it greatly reduces short-term welfare. Since the provision of good new ideas is the only productive input not subject to decreasing marginal productivity, welfarist considerations require that no impediment to its maximal provision be erected and the potentially substantial welfare losses imposed by a patent system be mitigated by taxation of other sources of wealth and income. © 2004, SAGE Publications. All rights reserved.

Full Text

Duke Authors

Cited Authors

  • Rosenberg, A

Published Date

  • January 1, 2004

Published In

Volume / Issue

  • 3 / 1

Start / End Page

  • 77 - 95

Electronic International Standard Serial Number (EISSN)

  • 1741-3060

International Standard Serial Number (ISSN)

  • 1470-594X

Digital Object Identifier (DOI)

  • 10.1177/1470594X04039983

Citation Source

  • Scopus