Mostrando postagens com marcador incentives. Mostrar todas as postagens
Mostrando postagens com marcador incentives. Mostrar todas as postagens

segunda-feira, 26 de outubro de 2009

More on incentives - patent chapter


A very interesting question at Slashdot: “To what extent do the traditional contours of patent law need to change in response to new technologies with a different set of market realities (biotech drugs are 22 times more expensive on average, and development costs for generics will be substantially higher) and in what direction? Need every new technological category get its own patent rules, and how do those rules get decided?

If rational agents respond to incentives (see below), does a flat incentive approach works on patents?

On religion and economics


Johan Norberg @ Financial Post: "Capitalism without bankruptcy is like Christianity without hell -- it loses its ability to motivate humans to be prudent or respect their fears". Or as said at Mankiw's favorit textbook: "People Respond to Incentives".