You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

4月 19, 2011

Are IP Rights Really Statutory Monopolies?

Bangkok Post, Corporate Counsellor Column

Two confusing economic theories mingled with commercial-economic perspectives often make the average businesspersons scratch their heads and frown. On the one hand, the policy of a free market economy encourages competition. On the other hand, because intellectual property rights (IPRs) are said to provide exclusive rights in a number of circumstances, IPRs are understood to be anti-competitive. This has led people to conclude that IPRs are monopolies, but this way of thinking is incorrect. This article argues that IPRs protect the rights-owner from unfair competition, not competition generally.

Related Professionals
Edward Kelly
Email

RELATED INSIGHTS​