In today's WSJ, LEE GOMES, writes that:
Patenting Good Ideas
Could Hurt Companies
Rather Than Aid Them
August 23, 2004; Page B1 Wall Street Journal
Send your comments to lee.gomes@wsj.com
8/23/2004
8/18/2004
regulations
A comment on the: Economic foundations of law
http://www.marginalrevolution.com/marginalrevolution/2004/08/economic_founda.html#more
Regulation jutifications:
1) Regularity -- There may be some situations where the "bother" of
negotiating every Nit of a contract are not worth it.
2) Delayed danger -- It may be that a regulation is justified because it
prevents a danger that is not evident or easily known
3) Dis-Economies -- We all know this
4) Mass Production -- It may be that a regulation is justified because
it leads to a cost effective solution where as individual cost/benefits
don't
See below for more detail and add comments if you want.
http://www.marginalrevolution.com/marginalrevolution/2004/08/economic_founda.html#more
Regulation jutifications:
1) Regularity -- There may be some situations where the "bother" of
negotiating every Nit of a contract are not worth it.
2) Delayed danger -- It may be that a regulation is justified because it
prevents a danger that is not evident or easily known
3) Dis-Economies -- We all know this
4) Mass Production -- It may be that a regulation is justified because
it leads to a cost effective solution where as individual cost/benefits
don't
See below for more detail and add comments if you want.
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