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Hah, I was expecting the "second price" to be some sort of rent or bribe that had to be paid to use something that was independently procured or invented. Like
by nicklaf 5y ago
Hah, I was expecting the "second price" to be some sort of rent or bribe that had to be paid to use something that was independently procured or invented. Like planning something innovative but not having the right social capital in your org to get it approved, or inventing something but not being allowed to use it without first buying the patent rights to related inventions.
- erosenbe0 5y agoWell advocates of an optimal systems of patents (not what we have) would say the returns to society as a result of granting exclusivity are far greater than the cost. So there wouldn't be an amortized net cost to society.