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It is a legit economics question

Posted By: Casper van der Tak
Date: Tuesday, 1 February 2011, at 11:23 a.m.

In Response To: Too political ? (Rich Munitz)

How the promote innovation and diffusion of innovation is a very legit question of economics. The usual thinking is that patents (etc) are the way to go, but that is not something that economic theory shows unambiguously. Another issue is that within patent systems, an issue is the strength of the patents (for example, the duration of patent protection).

The problem is that patents solve the issue of incentives for innovation, but by doing so create a distortion (market power, and potential oligopoly / monopoly distortions) and slow down diffusion.

My own take is that it may not be optimal, but works pretty well.

Messages In This Thread

• My view on information
  Michael Petch -- Saturday, 29 January 2011, at 10:58 a.m.
  • My view on information
    adambulldog -- Saturday, 29 January 2011, at 3:13 p.m.
    • My view on information
      Michael Petch -- Saturday, 29 January 2011, at 5:09 p.m.
  • My view on information
    Tom Keith -- Saturday, 29 January 2011, at 3:13 p.m.
    • My view on information
      Perry Gartner -- Saturday, 29 January 2011, at 4:12 p.m.
    • My view on information
      Michael Petch -- Saturday, 29 January 2011, at 5:03 p.m.
  • My view on information
    David Rockwell -- Saturday, 29 January 2011, at 3:53 p.m.
  • My view on information
    mamabear -- Saturday, 29 January 2011, at 4:36 p.m.
  • Two Comments to Michael Petch
    Paul Weaver -- Saturday, 29 January 2011, at 4:54 p.m.
    • Two Comments to Michael Petch
      Michael Petch -- Saturday, 29 January 2011, at 5:01 p.m.
      • PS: if you think GnuBG hasn't promoted BG, then I say BS *NM*
        Michael Petch -- Saturday, 29 January 2011, at 5:14 p.m.
      • Thanks for your work on GNU
        Paul Weaver -- Saturday, 29 January 2011, at 5:18 p.m.
        • Thanks for your work on GNU
          Michael Petch -- Saturday, 29 January 2011, at 5:29 p.m.
          • Thanks for your work on GNU
            joe freedman -- Monday, 31 January 2011, at 5:15 a.m.
        • Thanks for your work on GNU
          Rich Munitz -- Saturday, 29 January 2011, at 5:36 p.m.
          • Everyone who has contributed...
            Michael Petch -- Saturday, 29 January 2011, at 5:46 p.m.
            • Everyone who has contributed...
              Seth -- Saturday, 29 January 2011, at 10:47 p.m.
        • Thanks for your work on GNU
          Timothy Chow -- Saturday, 29 January 2011, at 6:57 p.m.
        • Thanks for your work on GNU
          Jason Lee -- Saturday, 29 January 2011, at 10:16 p.m.
          • Thanks for your work on GNU
            Rich Munitz -- Saturday, 29 January 2011, at 11:15 p.m.
            • Time for a new poll?!
              higonefive -- Saturday, 29 January 2011, at 11:55 p.m.
        • Thanks for your work on GNU
          Daniel Murphy -- Saturday, 29 January 2011, at 10:50 p.m.
          • +1
            Casper van der Tak -- Saturday, 29 January 2011, at 11:02 p.m.
          • Thanks for your work on GNU
            Timothy Chow -- Saturday, 29 January 2011, at 11:15 p.m.
        • Thanks for your work on GNU
          Strato -- Sunday, 30 January 2011, at 4:41 a.m.
        • Thanks for your work on GNU
          rew -- Sunday, 30 January 2011, at 11:34 p.m.
      • Two Comments to Michael Petch
        David Rockwell -- Saturday, 29 January 2011, at 5:34 p.m.
      • Two Comments to Michael Petch
        adambulldog -- Sunday, 30 January 2011, at 1:26 a.m.
    • Two Comments to Michael Petch
      higonefive -- Saturday, 29 January 2011, at 9:06 p.m.
      • Two Comments to Michael Petch
        Rich Munitz -- Saturday, 29 January 2011, at 10:55 p.m.
        • Two Comments to Michael Petch
          higonefive -- Saturday, 29 January 2011, at 11:45 p.m.
          • Two Comments to Michael Petch
            Rich Munitz -- Sunday, 30 January 2011, at 12:09 a.m.
            • Two Comments to Michael Petch
              higonefive -- Sunday, 30 January 2011, at 12:57 a.m.
    • Two Comments to Michael Petch
      Jake Jacobs -- Sunday, 30 January 2011, at 2:06 a.m.
      • Two Comments to Michael Petch
        Marty Storer -- Monday, 31 January 2011, at 3:28 p.m.
  • My view on information
    lenny -- Saturday, 29 January 2011, at 11:59 p.m.
    • My view on information
      Rich Munitz -- Sunday, 30 January 2011, at 12:44 a.m.
      • My view on information
        lenny -- Sunday, 30 January 2011, at 3:42 a.m.
        • My view on information
          Rich Munitz -- Sunday, 30 January 2011, at 4:28 a.m.
          • My view on information which is edited.
            higonefive -- Sunday, 30 January 2011, at 12:12 p.m.
            • My view on information which is edited.
              Rich Munitz -- Sunday, 30 January 2011, at 3:06 p.m.
  • My view on information
    Bill Calton -- Sunday, 30 January 2011, at 3:46 p.m.
    • My view on information
      Rich Munitz -- Sunday, 30 January 2011, at 6:01 p.m.
      • My view on information
        Michael Petch -- Monday, 31 January 2011, at 11:42 a.m.
        • Too political ?
          Ray Kershaw -- Monday, 31 January 2011, at 12:45 p.m.
          • Too political ?
            Michael Petch -- Monday, 31 January 2011, at 11:49 p.m.
            • Too political ?
              Rich Munitz -- Tuesday, 1 February 2011, at 3:04 a.m.
              • It is a legit economics question
                Casper van der Tak -- Tuesday, 1 February 2011, at 11:23 a.m.