Over at the Volokh Conspiracy, law professor Sabrina Safrin is guest blogging about the development of intellectual property law, particularly patents, in light of patent-holder behavior. Her forthcoming law review article
argues that property rights evolve in reaction to each other. The creation of property rights for some engenders the demand for related property rights by others. These demands and resulting recognition of property rights may have little to do with the value of the resource in question or efficiency concerns.
Interesting idea, sort of a game-theoretic explanation for the recent explosion of patents, with an embedded suggestion that things are out of whack. Here’s Eugene’s introduction of her and her first post.
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