Knowledge is valuable. This finding is far from new. From the early days of the first homo sapiens to the century of the digital revolution, knowledge has played a key role in fostering economic and social progress. After the predominance of industrial production capabilities in the last centuries, modern economies are more and more based on knowledge assets. Under the paradigm of the resource-based view of the firm, the value of knowledge mainly derives from its intangible nature. This intangibility allows scalability in use and non-rivalry in consumption. In combination with increasing demand for technologically sophisticated products, knowledge has become a major driver for creating and maintaining competitive advantages and sustainable firm success.


Patent Protection Patent Document Patented Invention Patent Family Economic Rent 


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© Gabler | GWV Fachverlage GmbH 2009

Authors and Affiliations

  • Christian Grube

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