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Intellectual Property Rights, Resources Allocation and Ethical Usefulness

Intellectual Property Rights, Resources Allocation and Ethical Usefulness
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Author(s): Bruno de Vuyst (Vesalius College and the Institute for European Studies, Vrije Universiteit Brussel, Belgium) and Alea M. Fairchild (Vesalius College, Vrije Universiteit Brussel, Belgium)
Copyright: 2005
Pages: 16
Source title: Information Ethics: Privacy and Intellectual Property
Source Author(s)/Editor(s): Lee Freeman (West Virginia University, USA) and A. Graham Peace (West Virginia University, USA)
DOI: 10.4018/978-1-59140-491-0.ch005

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Abstract

Intellectual property rights (IP) are established through the Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement (part of the Uruguay Round Agreements creating the WTO) as global and uniform. This absolute IP may provide such opportunities for rent-seeking that misallocations may occur, resulting in a perception of IP as ethically unuseful.

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