All Posts Tagged With: "monopoly rents"
Open-Source Software: Who Needs Intellectual Property?
The market for open-source software—uncopyrighted, freely reproducible computer programs—is not well understood by economists. A central source of surprise is that innovation can thrive in a market without traditional intellectual property (IP). But as we argued in a 2005 unpublished paper, “Perfectly Competitive Innovation,” as a matter of theory there is no reason to believe [...]
1Jan2007 | and Michele Boldrin | 3 comments | Continued-
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