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I'm a proponent of these ideas. Patent duration as a function of private capital spent? It would have to be immune to "profit-shifting" but maybe that could be
by zebrafish 10y ago
I'm a proponent of these ideas. Patent duration as a function of private capital spent? It would have to be immune to "profit-shifting" but maybe that could be a good alternative.
- danielweber 10y agoYou are getting close to advocating for "cost plus" which sounds really good to outsiders who are concerned about "too much profit" but have stunted every industry into which they have been deployed, and end up driving prices as suppliers look for ways to increase how much they spend. (The more they spend, the more profit they can make.) Look at the aerospace industry.
- zebrafish 10y agoI'm not concerned about too much profit. I'm just concerned about stifling competition for too long. Patents feel like crony capitalism in some industries. After posting I did consider the lone software engineer who comes up with a great idea, creates an app, and his app is then copied by Google who has much better marketing and distribution resources. If patent duration was a function of investment in R&D, this software developer would be SOL because he invested little into his "eureka" idea.