Open-Source Software: Who Needs Intellectual Property? | Foundation for Economic Education - 0 views
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Gonzalo San Gil, PhD. on 25 Mar 16[The market for open-source software-uncopyrighted, freely reproducible computer programs-is not well understood by economists. A central source of surprise is that innovation can thrive in a market without traditional intellectual property (IP). But as we argued in a 2005 unpublished paper, "Perfectly Competitive Innovation," as a matter of theory there is no reason to believe that monopoly power through IP is needed for innovation. The market for open-source software is the poster child for this perspective.] ...