Bydistinguishingknowledgeandknowledge-orientedlabor, the paper clarifies some ambiguities, arguing that it is the knowledge-oriented labor, not knowledgeitself, that creates value.
The entrant can short-sell the monopoly's shares before beginning to compete, thus boosting its expected returns. (Note that insider-trading laws do not stop a company using knowledge about itself when trading other companies' shares).
The importance of intangible cultural heritage is not the cultural manifestation itself but rather the wealth of knowledge and skills that is transmitted through it from one generation to the next.