The Permission Problem: Financial Page: The New Yorker
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Rank
URL Tag Cloud
- copyright
- , patent
- , patents
- , IP
- , commons
- , permission
- , law
- , open
- , collaboration
- , rights
- , ownership
- , fair
- , use
- , freeCulture
- , innovations
- , econonomics
- , P2P-Commons
- , yorker
Bookmark History
Saved by 14 people (-2 private), first by anonymouse user on 2008-08-11
- Lystrata on 2008-12-31 - Tags copyright , patents , patent , commons , yorker
- Caweldude on 2008-11-07 - Tags no_tag
- Suelibrarian on 2008-08-17 - Tags copyright , patents , permission , innovations , collaboration
- Maulwurf_3001 on 2008-08-16 - Tags General
- Julianjonker on 2008-08-14 - Tags copyright , patent , IP , ownership , commons
Public Sticky notes
It created a “patent pool,” putting all the aircraft patents under the control of a new association and letting manufacturers license them for a fee.
Highlighted by caweldude
“The Gridlock Economy,” calls the “anticommons.” We hear a lot about the “tragedy of the commons”: if a valuable asset (a grazing field, say) is held in common, each individual will try to exploit as much of it as possible. Villagers will send all their cows out to graze at the same time, and soon the field will be useless. When there’s no ownership, the pursuit of individual self-interest can make everyone worse off. But Heller shows that having too much ownership creates its own problems. If too many people own individual parts of a valuable asset, it’s easy to end up with gridlock, since any one person can simply veto the use of the asset.
Highlighted by caweldude
The commons leads to overuse and destruction; the anticommons leads to underuse and waste.
Highlighted by caweldude
But the effects of underuse created by too much ownership are often invisible.
Highlighted by caweldude
Or take a problem that bedevils the oil-and-gas industry. When different companies own adjacent patches of an oil field, each will be tempted not only to drill its own patch but also to try to suck out the resources of its neighbor’s patch. For geological reasons, overdrilling actually reduces the total amount of oil you can get out of the field—all sides end up worse off.
Highlighted by caweldude
Public Comment