Book contents
- Frontmatter
- Contents
- Tables
- Figures
- Boxes
- Contributors
- Preface
- Editorial Note
- 1 Introduction: Towards a Fresh Contribution to a Critical Policy Dialogue
- Part I Setting the Scene: Evolution of Key Principles and International Dialogue
- Part II Sharpening the Focus: Sectoral Perspectives
- Part III Deepening the Dialogue: Comparative and Jurisdictional Analyses
- Part IV Drawing the Lessons: Towards International Policy Coherence
- Index
10 - Digital Disruption and the Reshaping of Markets for IP: What This Means for Trade and Competition Policy
from Part II - Sharpening the Focus: Sectoral Perspectives
Published online by Cambridge University Press: 04 June 2021
- Frontmatter
- Contents
- Tables
- Figures
- Boxes
- Contributors
- Preface
- Editorial Note
- 1 Introduction: Towards a Fresh Contribution to a Critical Policy Dialogue
- Part I Setting the Scene: Evolution of Key Principles and International Dialogue
- Part II Sharpening the Focus: Sectoral Perspectives
- Part III Deepening the Dialogue: Comparative and Jurisdictional Analyses
- Part IV Drawing the Lessons: Towards International Policy Coherence
- Index
Summary
The intellectual property (IP) system is, in broad terms, a public policy instrument deployed to remedy the perceived market failure caused by the appropriability of socially beneficial knowledge products.1 IP rights (IPRs) create a means to enable others to be excluded from what would otherwise be non-excludable knowledge goods, and in turn this right to exclude creates both an incentive to invest in the creation of new knowledge goods, and a means of negotiating over and trading in such knowledge goods. Establishing IPRs as rights to exclude does, by its very nature, constrain the actions of a right holder’s competitors, but this constraint on static economic efficiency is – in principle – justified because of the dynamic benefits arising from innovation – both the creation of new knowledge and (what should perhaps be emphasized more than it typically is) the putting to work of new knowledge.
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- Publisher: Cambridge University PressPrint publication year: 2021