[seriously serious sirius XM radio] IP reform thread

[Jon Miller]

Oh, companies can't bid on their own patents?

Of course not.

It is rediculous in your system, not in my system. I admit that that is because in my system there are employees that are making value judgements (based on the market for that patent which includes the company that currently holds it) and give a government bid.

JM

[KrazyHorse]

I am not at all sure, I gather that in many monopolistic situations, only a single company has the patent and is also the only one currently (due to the patent and previous patents) able to really use it so others aren't interested in buying it.

Could you please provide some empirical evidence for this statement?

[KrazyHorse]

Jon, you keep discussing "your" solution, which you've not even bothered to share with us in any meaningful way. WTF, dude.

[Jon Miller]

I am at the lab, I will read it now.

JM

[KrazyHorse]

What pricing mechanism would you propose in "your solution", for example?

[Jon Miller]

It was based on the idea of a market which exists for patents. The government would just be an additional member of the market and would purchase based upon the 'market' price (as determined by other members of the market and a valuation judgement by the governments own employees). Obviously in this case the company holding the patent would be part of the market.

JM

[Jon Miller]

I actually can't access UMD's resources right now (forgot to reset my password) and the Lab doesn't have access to them, could you PM me?

JM

[KrazyHorse]

It was based on the idea of a market which exists for patents. The government would just be an additional member of the market and would purchase based upon the 'market' price (as determined by other members of the market and a valuation judgement by the governments own employees). Obviously in this case the company holding the patent would be part of the market.

Errr...wtf?

How can it be based BOTH on the market price AND the valuation of the government employees?

[Jon Miller]

It is based on the market price, the government employees can determine that the market has failed for some reason (they and the company holding the patent are the only ones in it for example) and offer less.

JM

[KrazyHorse]

Offer less? WTF?

Seriously, Jon: never mind. Just read the proposal that actually makes sense and respond to that once you understand it. I have no clue what you're talking about, and I don't feel like wasting any more time on nonsensical semiproposals

[KrazyHorse]

link sent, BTW

[Jon Miller]

Thanks. And it was to stop the infinity million dollars problem (which you already referenced).

JM

[KrazyHorse]

Like I said, never mind. My head hurts when I try to discuss econ with you.

[Whoha]

When does the auction happen? whenever the holder of the patent wants it to?

[KrazyHorse]

Not sure what the paper proposes on timing. IIRC paper proposes an auction fee to prevent gratuitous auctions.

Do you foresee a problem with giving patent holder freedom on auction timing?

Also, does anybody else have serious proposals for how to do IP reform, or want to add anything else? I don't want this to become just discussion of a single proposal