PO329 Lecture Notes - Lecture 3: Uruguay Round, Paris Convention For The Protection Of Industrial Property, Public Good
Document Summary
Information or ideas that have commercial value in the marketplace: attaches ownership rights. Dates back more than a century most protections were at the national level. Multiple overlapping treaties: voluntary membership; no enforcement, paris convention on patents; berne convention on copyright, etc, do(cid:374)"t (cid:374)e(cid:272)essary help the a(cid:448)erage perso(cid:374) (cid:449)ho holds a patent or trademark right. These treaties have no enforcement mechanisms, much more can be done at the national level. To give creators incentive to start or continue their creations: some inventions require considerable research and investment. Patents and copyrights: grant an inventor or author a temporary monopoly over the use of the invention or reproduction of the work, competitors may not use the work without paying the inventor/author. O(cid:373)e o(cid:271)je(cid:272)t to tur(cid:374)i(cid:374)g (cid:862)k(cid:374)o(cid:449)ledge(cid:863) i(cid:374)to (cid:862)property(cid:863) Some object to turning a public good into private property: public good: consumption of the good by one individual does not reduce the amount of the good available for consumption by others.
