Category Archives: Information Goods

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Andre Boik, Shane Greenstein, and Jeffrey Prince write (the link goes to an ungated but outdated version), We find that higher income households spend less total time online per week.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

Quick, Weak Patents

Joshua Gans writes, Suppose that patents were granted automatically without examination — beyond some minimal review — but consequently, with less exclusionary power should the patent be at issue in legal proceedings. How would this work? An inventor submits a … Continue reading

Posted in Information Goods | 5 Comments

Paul Romer on Physics and Information

He writes, There is a crucial distinction between human capital (stored in neurons), and codified information (stored in some external form, such as printed text or bits on a hard drive.) Anything stored in neurons is a rival good. A … Continue reading

Posted in Economic education and methods, Information Goods, Mark Thoma is Indispensable | 4 Comments

Brad DeLong on the Public Sector vs. the Private Sector

He writes, Now we know that as bad as market failures can be, government failures can be worse. We badly need new effective institutional forms. But the decreasing salience of “Smithian” commodities in the twenty-first century means that rational governance … Continue reading

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

Reputation Systems as Regulators

Tyler Cowen and Alex Tabarrok write, In recent times, information technology has made it easier to observe a seller’s reputation and to contribute to the formation of a seller’s reputation at low cost. Yelp, Angie’s List, and Amazon Reviews all … Continue reading

Posted in Information Goods, regulation | 16 Comments

Tyler Cowen vs. the Club Model

He writes, In the old days one heard speculation about bundling a great number of newspapers and blogs into a single-price access model, but in retrospect this probably never had much financial potential, for reasons which by now should be … Continue reading

Posted in Information Goods, links to my essays, Tyler Cowen is my Favorite Blogger | 4 Comments