Intellectual Property Rights

Intellectual Property Rights

Innovation, Governance and the Institutional Environment

Edited by Birgitte Andersen

Intellectual Property Rights is cutting edge in addressing current debates affecting businesses, industry sectors and society today, and in focusing not only on the enabling welfare effects of IPR systems, but also on some of the possible adverse effects of IPR systems.

Introduction

Birgitte Andersen

Subjects: economics and finance, economics of innovation, intellectual property, innovation and technology, economics of innovation, intellectual property, law - academic, intellectual property law

Extract

Birgitte Andersen We have experienced a growing importance of intellectual capital and intangible assets and an increased tendency for firms and public institutions to privatize, by the use of patents or copyrights, their knowledge assets and creative expressions. Because control over the use of an intellectual property right (IPR) requires ownership or a licence, the growing importance of knowledge-based assets and creative expressions has been accompanied by recognition that patents and copyrights represent strategic assets for those who own and control them. It is therefore not surprising that, in recent years, the pace at which individuals, firms and the public sector are using IPRs to privatize knowledge-based assets and creative expressions has been accelerating. This trend has been enhanced by the view of many in industry, government and international agencies that the privatization of the intellectual capital and knowledge-based assets of individuals and firms provides many advantages (for example, competitive advantage), and we have seen an increased enforcement of IPR regimes worldwide. At the international DRUID (Danish Research Unit for Industrial Dynamics) conference on Industrial Dynamics, Innovation and Development, held at Elsinore, Denmark, 12–14 June 2003, there was a round table discussion regarding the belief systems underpinning IPRs and the increased enforcement of IPR regimes worldwide. The fact that IPR policy has been largely based on the ‘vision’ of policy makers rather than on the findings of solid empirical research was discussed; and within the IPR research community, the social and economic effects of tightening the IPR systems are...