The Social Efficiency of Fairness
نویسندگان
چکیده
Property rights provide incentives to create information but they also provide incentives to hoard it prior to the award of protection. All-or-nothing rights, in particular, limit prior sharing. An unintended consequence is to slow, not hasten, forward progress when innovation hinges on combining disparately owned private ideas. In response, we propose a solution based on a reward definition of “fairness,” that unblocks innovation by increasing willingness to share private knowledge.
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