TY  - JOUR
T1  - Law and Economics: A New Dimension in Market Regulation
AU - Nordin, R. AU - , A. Waris AU - , M.A. Witbrodt 
JO  - International Business Management
VL  - 6
IS  - 2
SP  - 158
EP  - 167
PY  - 2012
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2012.158.167
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2012.158.167
KW  - Coasean theorem
KW  -economic analysis of law
KW  -intellectual property
KW  -dispute resolution
KW  -indigenous peoples
KW  -access to genetic resources
AB  - 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.
ER  -