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Document Type

Article

Abstract

Intellectual property is an important asset for business and society. In 1998, the worldwide software market was estimated at $135 billion. Piracy, however, is reducing profits, innovation, investment, and tax revenues. In order to curb piracy, international intellectual property protection must be improved. This paper analyzes the Trade Related Intellectual Property Rights Agreement and the World Intellectual Property Organization. It also examines other methods of intellectual property protection, including arbitration, Digital Rights Management Systems, and price discrimination. Evidence suggests that optimal protection includes a mixture of international laws, pricing strategies, and governmental intervention.

Publication Date

Spring 2003

Journal Title

Major Themes in Economics

Volume

5

Issue

1

First Page

49

Last Page

64

Copyright

©2003 by Major Themes in Economics

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Language

EN

File Format

application/pdf

Included in

Economics Commons

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