The Intellectual-Informational Good: Value and Market Price

Victor Tarasevich, Valentina Lebedeva and Margarita Yaseva

Economic Studies journal, 2019, issue 2, 100-114

Abstract: In this article, specifics of the intellectual-informational product are reviewed based on a system and structural method: its binary structure and specifics of appropriation process are determined. The advantages of free licenses for authors of the intellectual products (employees) that appear in the possibility of receiving additional income from services of the intellectual-informational goods are determined. Theoretical and methodical basics of value and price formation of the intellectual-informational good are justified. The triple value-creating substance of the intellectual-informational good that represents abstract humanization, specific humanization and utility, that the consumer receives, is determined. A cost and result nature and direct connection of elements of the value-creating substance of the intellectual-informational good are determined. The forms of value of the intellectual-informational good are analyzed. A term “functional of complex valuation of the intellectual-informational good” that consists of cost function of essential efforts of the author of the intellectual product, growth function of essential efforts of the author of the intellectual product, cost function of essential efforts of producer of the storage medium and utility function of the intellectual-informational good for the customer is proposed. Recommendations for improvement of current methods of valuation of the intellectual-informational good are given.

JEL-codes: B41 D11 D23 D46 J24 O34 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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