The Standard Economic Model of IP

by on August 29, 2007 · 11 comments

I earlier promised some graphs to illustrate a parable about copyright’s future. I’d like to start, here, by offering a picture of the standard economic model of IP. (Attentive readers may recall that whereas other use “IP” for “intellectual property,” I use it to stand for “intellectual privilege“). See figure 1, below:

Figure 1:   The Standard Economic Model of Copyrights and Patents

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