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Monopolistic vs oligopoly
Monopolistic vs oligopoly
Pros and cons of copyright laws
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The idea of giving creators a limited exclusive right to their intellectual property began in England in 1710. The “Statute of Anne,” inspired our Founding Fathers and was incorporated into the United State’s Constitution. There are three types of intellectual property. Trademark ™, Copyright ©, and Patents. The last two are more controversial because they both give the creator exclusive rights to their invention/writing for a limited time. They were meant to benefit both society and creator. Unlike copyright, patents further prevents another company from reverse-engineering the product and selling it for less. Patents are also harder to get; To get a patent it has to be approved by the United States Patent and Trademark Office (USPTO). Although the fashion industry has benefited from not having patents; Competitors constantly steal ideas from each other and cost for consumers are lower as a result. The existential U.S. Patent laws we have today are counter productive and slow the process of innovation in other fields.
The fundamental idea of patents is that it is an agreement between inventors and society. The inventor is encouraged to keep inventing to benefit society and as a return the government grants the inventor with a monopoly over its sale. Patents were written about when the Constitution was framed. The Founding Fathers believed they should “Promote the progress of Science and Useful Arts, [by] securing for limited times the exclusive rights to their [invention].” (Constitution Article I, Section 8, Clause 8) This one clause was originally meant to give an inventor a limited monopoly so that they can make profit, while also the society will benefit from the disclosure of the information about the invention and can build...
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Roth, Zachary. “The Monopoly Factory.” Washington Monthly Vol. 37, No. 6. June 2005: 12-19. SIRS Issues Researcher. Web. 24 Feb. 2014.
Streitfeld, David. “Note: This Headline Is Patented.” Los Angeles Times (Los Angeles, CA). Feb. 7 2003: A1+. SIRS Issues Researcher. Web. 25 Feb. 2014.
Teachout, Terry. “Copyright Protection That Serves to Destroy.” Wall Street Journal. 15 Mar. 2013: D.6. SIRS Issues Researcher. Web. 21 Jan. 2014.
“When Patents Attack!” Hosted by Ira Glass. Prod. Ben Calhoun, Jane Feltes, and Sarah Koenig. Episode #441. This American Life. Hosted by Ira Glass. NPR. WGBH, Boston, 22 July 2011. Print. Transcript.
“When Patents Attack... Part Two!” Hosted by Ira Glass and Zoe Chase. Prod. Alex Blumberg, Julie Snyder, and Ben Calhoun. Episode #496. This American Life. Hosted by Ira Glass. NPR. WBEZ, Boston, 31 May 2013. Print. Transcript.
(7) Hall B. Patents and Patent Policy -. 2007. The 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the Morse H. SETTLEMENT OF INTELLECTUAL PROPERTY DISPUTES IN THE PHARMACEUTICAL AND MEDICAL DEVICE INDUSTRIES: ANTITRUST RULES. Allison JR, Lemley MA, Moore KA, Trunkey RD. Valuable patents. Geol.
Before Information Technology, tangible property such as land, buildings, goods, equipment etc. was the most valuable asset of a business. Now economic power is in the monetization of knowledge, ideas and innovation. Work or invention which results from creativity such as a new design or manuscript gives the creator the right to apply for a patent, copyright or trademark and to benefit from their authorship of scientific, literary or artistic creations.
Monopoly is a board game that came out in 1903, and one of the main goals of the game was to demonstrate that an economy which rewards capitalism is better than one in which monopolists work under few constraints, it also was used to promote the economic theories of “Henry George” and in particular his ideas about taxation. The goal of the game is to bankrupt all of your opponents which is typically done by acquiring complete colour groups mostly known as a “monopoly” and building on them to at least the level of three houses, as this is when rent begins to go up significantly making your opponents to go bankrupt by paying higher rent when they land on a property that you own.
Pharmaceuticals are arguably one of the most contentious of all goods and services traded in the market. While medicines are as much a necessity as foods and water, they require more technical expertise and official approbation in the manufacture. Above all, they carry a moral weight that most market products do not (The Economist, 2014). This idea of moral can be linked to the recurring debate over whether a good health (which is represented by medicines, in this case) should be considered a basic human right, or just a normal commodity. A large portion of such controversy actually lies in an existence of drug patents: should we promote for longer-lasting patents or should we have their duration shortened?
Abstract: In 1995 Lance Rose and Esther Dyson wrote articles in Wired Magazine expressing polarized views on the future of copyright law and copyright infringement. This essay reviews those articles, analyzes each article's accuracy as defined by current trends years later.
When assisting inventors or entrepreneurs with trademark and patent searching, other questions may arise, e.g. business information. As a matter of fact, business resources overlap often with such library research consultations. To apply a real world scenario, you are assigned to watch any single episode of the SharkTank reality television series. Ideally it should be a re-run and not the current weekly prime time network broadcast. This promotes each student to view different episodes to get differing scenarios for the assignment. In addition, part of the rubric for this assignment is student originality. As this course is entrenched in the
Intellectual Property Law used to only protect art, music, and literature, but because of technological development, Intellectual Property Law now also protects a greater variety of innovations including designs, inventions, symbols, discoveries, and words. The phrase “intellectual property” was first known to be used in the late 1700’s; however, it was not widely talked about, nor was the Intellectual Property Law in actuality commonly implemented. Intellectual Property Rights slowly gained more attention by mid-1800’s after the Industrial Revolution had taken place: more companies were created, competition between corporations became fiercer, and owning unique innovations were crucial to winning the competition. However, as Intellectual Property
Monopoly is not just a game that is occasionally played by dysfunctional families all around the United States. It was an entire era filled with scandal and big business brought on by the industrial revolution and the need to control an entire industry. With the technological advances of that time, it is easy to see just how the “ Big Fish” in the industry were able to control the market and just how that inevitably led to their downfall by a ravishingly bold young president. This slice cut out of the history pie goes to show that too much of a good thing can be very bad for everyone.
Ingber, Stanley. “The Marketplace of Ideas: Legitimizing a Myth. Scholarship.law.duke.edu. 2013. 15. Web. http://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=2867&context=dlj 5 Dec 2013.
Posner, R.A., (1975) The Social Costs of Monopoly and Regulation, The Journal of Political Economy, Vol. 83, No. 4, pp. 807-828, The University of Chicago Press
The World Intellectual Property Organization, Intellectual property is the ‘products of the mind: inventions, literary and artistic works, any symbols, names, images, and designs used in commerce’. Intellectual Properties such as Patents, designs, trademarks and copyrights are protected by laws. The US government offers different types of protection for these properties. The Lanham Act (15 U.S.C.A. Section 1051 et seq., also known as the Trademark Act of 1946, provides protection for trademarks. A trademark is defined as a name, word, symbol, or device or any combination thereof, adopted and used by a manufacturer or merchant to identify its goods and distinguish them from those manufactured and sold by others.
Intellectual property (TV programs, movies, etc…) is an incredible source of growth for the American economy. Intellectual property is not only America’s largest trade export, but it is creating new jobs at triple the rate of the rest of the economy, and is responsible for more than five percent of the GDP. The movie industry alone has a surplus balance of trade, something no other American company can lay claim to.
Intellectual property is property resulting from intellectual, creative processes. A product that was created because of someone’s individual thought process. Examples includes books, designs, music, art work, and computer files. (Miller R. J., 2011, p. 114) In the music industry a copyright is an important tool for artist to use to protect themselves from infringers. A copyright is the exclusive right of an author or originator of a literary or artistic production to publish, print, or sell that production for a statutory period of time. A copyright has the same monopolistic nature as a patent or trademark, but it differs in that it applies exclusively to works of art, literature, and other works of authorship (including computer programs). (Miller R. J., 2011, p. 125)
Intellectual property (IP) is defined as property that is developed through an intellectual and creative processes. Intellectual property falls under the category of property known as intangible rights, which includes patents (inventions of processes, machines, manufactures, and compositions of matter), copyrights (original artistic and literary works of), trademarks (commercial symbols), and trade secrets ((product formulas, patterns, designs). Intellectual property rights has a significant value to both individuals and businesses, providing in the case of large companies, over one half of their value on return. Since intellectual property rights are so important to the U.S. economy and its citizens, federal and state law provides protection, for example, civil damages and criminal penalties to be assessed against infringers. Due to the importance of intellectual property to a business, I don’t think that its protection and enforcement is going to be a thing of the past.