Another point of view is that economists don't understand IP transactions. The European Commission official who drafted the latest Technology Transfer Block Exemption Regulation was reportedly an economist and made a complete pig's ear of the early drafts, although in the end, after much lobbying, the Regulation ended up not too dissimilar to the regulation that it replaced.Dr Pedant, why has no-one mentioned monopsonies (or duopsonies, if they exist)? |