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SM_Video1_IntroductiontoIPR_original.pptx
Intellectual Property Protection & Appropriating the Returns to Innovation
Prof Silvia Massini
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Silvia Massini 2021 ©
Motivation
Brief background and rationales for an IPR system
Why do we need Intellectual Property Rights?
Why can we not use standard laws?
What is the difference between tangible products and ideas, from the point of view of establishing their origin and creation?
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Silvia Massini 2021 ©
IPR Laws
Separate laws are required for intellectual property because they are intangible:
Creations of the mind, such as an idea for an invention, a piece or a trademark, can not, like physical objects, be protected against other persons’ use of them by mere possession of the object (WIPO, 1997)
IPR laws are crucial in their role to create incentives to produce and transfer new information and technology
Technical know-how created by R&D is, in general, very expensive to produce and relatively cheap to reproduce
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Silvia Massini 2021 ©
IPR Laws
The firm needs to appropriate the benefits of the invention
IPR avoid rapid imitation and allows to pay back the investments in R&D
IPR increases the monopoly power and imply restriction of competition resulting in:
Higher prices and greater profits for goods and services protected by IPR;
Static welfare losses, but dynamic welfare gains
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Silvia Massini 2021 ©
Overview
Overview of the Available Forms of IP Protection ...
Patents
Other Registered IP Protection:
Registered Designs and Trademarks
Other Unregistered IP Protection:
Copyrights and Design Rights
Strategic Forms of Intellectual Property Protection
Confidentiality Agreements, Secrecy, Complexity of Designs, Lead Time Advantages
Evidence from the UK CIS-3 / Examples
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Silvia Massini 2021 ©
