Session-3 - Intellectual Property BMGT 301 INTRODUCTION TO...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Intellectual Property Intellectual Property BMGT 301 INTRODUCTION TO INFORMATION SYSTEMS Intellectual Property Intellectual Property We are joining the Internet-wide protest against SOPA/PIPA today on JAN 18th by shutting down our websites. http://en.wikipedia.org/wiki/List_of_most_expensive_films
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Property Rights Property Rights What are “property rights”? • Rights of possession – Allows individual to use the property – Prevents others from using the property – Usually a bundle of rights (build/cultivate/leave it idle/…) •R igh t s o f t ran s fe r – Right to transfer the “rights of possession”. Why do we need “property rights”? Property Rights Property Rights • Incentives to work ( Aristotle, 350 BC ) – Each individual has the right to her output – This encourages individuals to invest the optimal effort • Incentive to maintain and improve things – Absence of property rights “tragedy of the commons” • Incentive to transfer things • Leads to beneficial trade • Makes production more efficient (Specialization) •Avo idan ce o f D i spu te s • Prevents socially wasteful (unproductive) activities – protection, damage, dispute resolution ( Hobbes, 1651 )
Background image of page 2
Property Rights Property Rights • Maintaining Property Rights is Costly ! – Registration System • Identification of possession/boundaries/etc. . • Keeping track of transfers – Registration system is likely for… • Durable goods of high-value, and • Items that are sold and traded • What factors contribute to the evolution of PR? Evolution of Property Rights – Land rights in California (1848) – Rights to resources of the sea (1982) • Fisheries; Oil & Minerals [200 miles from coastline] – Rights to the Electromagnetic Spectrum (1930s) Change in Knowledge ! Change in technology ! Rights to Outer Space / ET bodies ?? Geostationary orbits; Moon http://www.lunarregistry.com/land/land.shtml http://www.moonshop.com/ http://www.youtube.com/watch?v=Jtd_IrwSThQ&feature=fvst
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Protecting Intellectual Property Protecting Intellectual Property What is intellectual property? • “creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce” •Examp le s : – Scientific discoveries – Engineering designs – Pharmaceutical formulas – Ideas for Internet businesses – Corporate names, slogans, logos – Novels, poems, plays, films, musical works, drawings, paintings, photographs, sculptures, architectural designs,… –Nonr iva l • One person’s consumption doesn’t diminish the amount available to another. –Nonexc ludab • It is costly to exclude people who do not pay, from consuming the good. • Eg., Lighthouse, National defense, TV/radio broadcasts. Degree of “Publicness”….
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 15

Session-3 - Intellectual Property BMGT 301 INTRODUCTION TO...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online