Topic+2_Global+IP+and+Weak+Property

Topic+2_Global+IP+and+Weak+Property - Topic 2: Global IP...

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Topic 2: Global IP Management in the Face of Weak Property Right Regimes REQUIRED READINGS: Online Music Distribution in a Post- Napster World Online Napster Case Discussion: 2/2—2/5 In-class Napster Case Debriefing: 2/6
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Communal Property Rights: No single owner, everyone has access while it lasts. Over-utilization occurs, and no one has incentive to conserve for the future. Government Property Rights: Property decisions made by a small group of elected political representatives. Secure Private Property Rights give property owners incentive to: Create value with property (benefit others) Maintain property and conserve for the future Innovate and create new technologies Engage in voluntary exchange Three types of Property
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Intellectual Property (IP) Rights Patent: Right to exclude all others from using, producing, or selling an invention. Examples: pharmaceutical drugs, manufacturing equipment, home appliances… Trademark: a word, name, symbol, or device that is used in trade with goods to indicate their source. Used to distinguish goods from competitors. Copyright:
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Topic+2_Global+IP+and+Weak+Property - Topic 2: Global IP...

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