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In case any readers are (like I was) torn on the question of whether such a patent based legal monopoly (or duopoly or oligopoly...) is justifiable compensation
by sooheon 5y ago
In case any readers are (like I was) torn on the question of whether such a patent based legal monopoly (or duopoly or oligopoly...) is justifiable compensation for the resources these companies undoubtedly invested, check out this short intro to a highly recommended book that deals with this issue:
http://www.dklevine.com/papers/imbookfinal01.pdf http://www.dklevine.com/papers/imbookfinal01.pdf
- deltaonefour 5y agoStill even without the patents. The knowledge and know how is incredibly hard to replicate. China doesn't even respect patents and they can't fully replicate the associated tech.
- Tarq0n 5y agoThat’s a great reference. A number of mainland countries were only able to catch up to Britain in industrialisation by suspending patent law for a while. Looking back I think it’s obvious that the result of this was hugely positive. This also makes me somewhat sympathetic towards the lack of ip protections in China and other developing economies. Too often the patent system is used to kick away the ladder once one party has gained an advantage.