Let’s Reimagine Intellectual Property Rights Regime: the Australian Perspective

This paper discusses aspects of economic analysis of law developed as a result of the current status quo on the continuous development of the Internet, as well as the required evolution of legal theory on intellectual property rights (IPRs). The emergence and movement of law and economics has captured various segments of policymaking, including the discipline of IPRs in law. With the seminal work of Ronald Coase, Nobel Memorial Prize in Economic Sciences, this movement has evolved as a significant branch of legal theory (1960)