Econlib: Costs and Benefits of the Patent System
Forum » Resources / News picks » Econlib: Costs and Benefits of the Patent System
Started by: zoobabzoobab
Date: 18 Mar 2008 16:24
Number of posts: 1
rss icon RSS: New posts
Summary:
My intuition is that drug patents are ok, but software patents are bad. The authors' perspective supports this intuition. It is easier for drug patents to be based on clear boundaries and to satisfy the "notice function." I am trying to think about intellectual property in terms of the Coase theorem. Suppose I have come up with an invention, and I don't want you to use it. Either you could pay me to use it, or I could pay you not to use it. Does it matter which? From a utilitarian perspective, do we care whether the law puts its thumb on the scale of the inventor or the infringer?
New Post