Law and economics: A new dimension in market regulation

Rohaida Nordin, A. Waris, M. A. Witbrodt

Research output: Contribution to journalArticle

Abstract

This study examines the application of economic analysis of law in the context of resolving dispute in property rights. It analyses the economic and sociological arguments surrounding intellectual property rights exploitation. To be more specific, it focuses on the patenting of pharmaceutical or biotechnological inventions. This study establishes as a theoretical framework the economic analysis of law with specific reference to transaction cost theory. Prior to that it will discuss the interrelation between economics and law, i.e., on how law may have an impact on economics or how economics has influenced the state in formulating its law. This study will also take into account the theories on property rights and social process of law.

Original languageEnglish
Pages (from-to)158-167
Number of pages10
JournalInternational Business Management
Volume6
Issue number2
DOIs
Publication statusPublished - 2012

Fingerprint

Economics
Law and economics
Market regulation
Economic analysis of law
Property rights
Invention
Theoretical framework
Dispute
Transaction cost theory
Patenting
Pharmaceuticals
Exploitation
Social processes
Intellectual property rights

Keywords

  • Access to genetic resources
  • Coasean theorem
  • Dispute resolution
  • Economic analysis of law
  • Indigenous peoples
  • Intellectual property

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

Cite this

Law and economics : A new dimension in market regulation. / Nordin, Rohaida; Waris, A.; Witbrodt, M. A.

In: International Business Management, Vol. 6, No. 2, 2012, p. 158-167.

Research output: Contribution to journalArticle

Nordin, Rohaida ; Waris, A. ; Witbrodt, M. A. / Law and economics : A new dimension in market regulation. In: International Business Management. 2012 ; Vol. 6, No. 2. pp. 158-167.
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