Why is it even a contest?
What do you think of the argument here, which you link to: https://theeconreview.com/2018/03/13/the-tabarrok-curve-a-call-for-patent-reform-in-the-us/
"[Patent] theory says we need patents when innovation costs are high relative to imitation costs."
You make the argument that patents negate the benefits of said innovation, and thus don't effectively compensate for their costs, right?
Very nice post. I've been thinking about the whole patents restrict the spread of ideas thing since you pointed it out this weekend. Once you see the insensibility of it you can't unsee it
What do you think of the argument here, which you link to: https://theeconreview.com/2018/03/13/the-tabarrok-curve-a-call-for-patent-reform-in-the-us/
"[Patent] theory says we need patents when innovation costs are high relative to imitation costs."
You make the argument that patents negate the benefits of said innovation, and thus don't effectively compensate for their costs, right?
Very nice post. I've been thinking about the whole patents restrict the spread of ideas thing since you pointed it out this weekend. Once you see the insensibility of it you can't unsee it