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2006

Innovation

Olufunmilayo B. Arewa

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Strategic Behaviors And Competition: Intangibles, Intellectual Property And Innovation, Olufunmilayo B. Arewa May 2006

Strategic Behaviors And Competition: Intangibles, Intellectual Property And Innovation, Olufunmilayo B. Arewa

Olufunmilayo B. Arewa

Intangibles such as intellectual property rights are an increasingly important source of value for businesses today. This increasing importance has significance for the uses of intangibles by companies and the mechanisms and behaviors by which companies extract value from intangibles. The manners in which holders of intellectual property rights wield such rights can play an important role in shaping the effective functioning of intellectual property frameworks. Although intellectual property rights may serve as important tools of innovation, empirical evidence shows that in many industries intellectual property protection is not a primary means by which innovation is protected. Moreover, increasingly pervasive ...