IP Management - Economic Perspectives
- 15 Jan 2021
• Two public good characteristics are non-rivalrous consumption and non-excludability
These characteristics distinguish intangible goods from tangible or physical goods. The use of tangible goods is based on rivalry and exclusionary/limited use.
• Today intangibles like knowledge and information are used to generate income in a knowledge economy. Nowadays intangible assets dominate the economy, because advantages out of IP are becoming more and more important in an information minted economy.
• The types of economic advantages that companies can derive from IPRs are practicing or exclusivity, licensing, litigation, deterring and IP as collateral.
• Intellectual property rights are a market-based mechanism for disseminating knowledge. IPRs promote risky, uncertain and costly investments
• The main driver of effective IP management should always be the creation of value in line with the business strategy.
These characteristics distinguish intangible goods from tangible or physical goods. The use of tangible goods is based on rivalry and exclusionary/limited use.
• Today intangibles like knowledge and information are used to generate income in a knowledge economy. Nowadays intangible assets dominate the economy, because advantages out of IP are becoming more and more important in an information minted economy.
• The types of economic advantages that companies can derive from IPRs are practicing or exclusivity, licensing, litigation, deterring and IP as collateral.
• Intellectual property rights are a market-based mechanism for disseminating knowledge. IPRs promote risky, uncertain and costly investments
• The main driver of effective IP management should always be the creation of value in line with the business strategy.
