Intangible assets are nonrivalrous and non-exclusive from "summary" of Capitalism without Capital by Jonathan Haskel,Stian Westlake
Intangible assets, unlike physical goods, can be used by multiple people or firms at the same time without being used up or becoming less valuable. This nonrivalrous nature makes them distinct from traditional tangible assets like machinery or buildings, which can only be used by one party at a time. For example, a software program can be used by many users simultaneously without diminishing its value or usability for any individual user. Moreover, intangible assets are non-exclusive in that they are often difficult to protect from being used by others without permission. While physical assets can be physically owned and controlled, intangible assets like intellectual property or brand reputation can be easily imitated or replicated by competitors. This lack of exclusivity means that firms investing in intangible assets may struggle to capture the full value of their investments, as others can benefit from the same assets w...
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