Intellectual property as intangible good
Intellectual property as intangible good

Summary/Abstract: Motivation: Nowadays in economic literature we can observe the increasing popularity of the concept of intellectual property. Nevertheless, this growth is not accomplished by solv-ing conceptual problems. The number of existing definitions, considerations about the intellectual property among intangible resources and descriptions of its characteristic fea-tures is enormous. Therefore, in-depth studies on concept of intellectual property are nec-essary from the point of view of economics and law. Aim: The main purposes of the paper are: to place intellectual property in the area of intangible assets and to specify and de-scribe its specific features. The paper also tries to answer the question: is intellectual prop-erty a private, a public or a club good. Results: The paper discusses the differences and relationship between such economic concepts as: property, intangible goods, tangible goods and intellectual property. It exemplifies and describes specific features of intellectual prop-erty, and also discusses situations in which intellectual property can be perceived as a private good, a public good or as a club good.

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