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Standard economic models predict that in the absence of clearly defined property rights, such common resources will be overexploited, with individuals acting without regard for the effects of their actions on the overall pool.
ECONOMIST: Economics focus
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But such misallocations remain hard to rectify because of rigid spectrum zoning policies and a lack of clearly defined and tradable property rights.
FORBES: What Do The Titanic And Your Smartphone Have In Common?
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Since legal aspects of collective intellectual property rights were not yet clearly defined, it was decided not to include intangible cultural heritage expressions under the scope of the 1972 Convention.
UNESCO: Intangible Cultural Heritage