Category Archives: Information Goods

Another rant about blockchain

Kai Stinchcombe writes, peer-to-peer interaction with no regulations, norms, middlemen, or trusted parties is actually a bad way to empower people. …A lawless and mistrustful world where self-interest is the only principle and paranoia is the only source of safety … Continue reading

Posted in Information Goods | 3 Comments

Aggregation, not paywall AI, is the answer

Shan Wang writes, The [Wall Street] Journal has found that these non-subscribed visitors fall into groups that can be roughly defined as hot, warm, or cold, according to Wells. Those with high scores above a certain threshold — indicating a … Continue reading

Posted in business economics, Information Goods, Tyler Cowen is my Favorite Blogger | 10 Comments

John Perry Barlow has died

Here is a brief obituary. Among other things, in 1994 he wrote The Economy of Ideas, an essay admired by, among others, Hal Varian. It begins, I refer to the problem of digitized property. The enigma is this: If our … Continue reading

Posted in business economics, Information Goods | 3 Comments

Consumers’ Surplus and well-being

Another paper from the AEA session on measuring well-being. The abstract of the paper by Erik Brynjolfsson, Felix Eggers, and Avinash Gannamaneni says, In principle, changes in consumer surplus (compensating expenditure) provide a superior measure of changes in consumer well-being … Continue reading

Posted in disaggregating the economy, Economic education and methods, Information Goods | 3 Comments

Should algorithms receive patents?

David Edwards wrote, the distinction between discovery and invention should be eliminated. This would allow the patent incentive to motivate exploration for previously unknown useful forms of bacteria, plants, animals, materials, molecules, atoms, particles, etc. Previously unknown mathematical formulas and … Continue reading

Posted in Information Goods | 8 Comments

Sports and Media

Ben Thompson writes, The truth, though, is that in the long run ESPN remains the most stable part of the cable bundle: it is the only TV “job” that, thanks to its investment in long-term rights deals, is not going … Continue reading

Posted in Information Goods, Tyler Cowen is my Favorite Blogger | 19 Comments

Why (some) Governments Protect Intellectual Property

Sinclair Davidson and Jason Potts write, We propose a new model of intellectual property based on the stationary bandit model of government. We argue that new ideas—of the sort that become patents, copyrights and trademarks—emerge as economic rights, born global … Continue reading

Posted in Information Goods, public choice | 2 Comments

An Outbreak of Laziness, or ?

Andre Boik, Shane Greenstein, and Jeffrey Prince write (the link goes to an ungated but outdated version), We find that higher income households spend less total time online per week. Our results suggest that a household making $25-35K a year … Continue reading

Posted in Information Goods, Tyler Cowen is my Favorite Blogger | 3 Comments

Prizes Have Not Worked Well

Timothy Taylor quotes from a paper by historian B. Zorina Khan. industrial prizes faltered in part because of their lack of market-orientation, and even the democratic nature of economic institutions in the United States could not overcome such drawbacks in … Continue reading

Posted in Information Goods, Timothy Taylor is my Favorite Blogger | 1 Comment

I Think He Wants Betting Markets in Non-profits

Neerav Kingsland writes, it is important for there to be a public, meaningful signal against efforts that are likely to fail. He laments that there is no way to short a non-profit. But you can think of a short sale … Continue reading

Posted in Information Goods | 2 Comments