Wesley Shu's Profile

Jerome H. Lemelson was granted over 600 patents,^[1] making him one of the 20th century's five most prolific patent grantees. (19th century - 20th century - 21st century - more centuries) Decades: 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s As a means of recording the passage of time, the 20th century was that century which lasted from 1901–2000 in the sense of the Gregorian calendar (1900–1999...

He was controversial for his alleged use of submarine patents to negotiate licenses worth over 1.3 billion dollars from major corporations in a variety of industries. As the result of his filing a succession of continuation applications, a number of his patents, particularly those in the field of industrial machine vision, were delayed, in some cases by several decades.

"Lemelson patents occupied the top thirteen positions for the longest prosecutions from 1914 to 2001."

A "continuation application" is a patent application filed by an applicant who wants to pursue additional claims to an invention disclosed in an earlier application of the applicant (the "parent" application) that has not yet been issued or abandoned. The continuation uses the same specification as the pending parent application, claims filing date priority of the parent, and must name at least one of the same inventors as in the parent. This type of application is useful when a patent examiner has allowed some but rejected other claims in an application, or where an applicant may not have exhausted all useful ways of claiming different embodiments of the invention.

For some companies, especially in the pharmaceutical business, patents do just that by allowing them to pull in billions in profits from brand-name, blockbuster drugs. But for most public companies, patents don’t pay off, say a couple of researchers who have crunched the numbers.

Neither Mr. Bessen nor his company patented anything, in part because his lawyers told him that software couldn’t be patented at the time. He ultimately became interested in whether patents spurred innovation, since the software industry for years innovated steadily without using many patents.

They agree innovator firms often profit from their own patents. However, the pair’s data shows that the innovator firms are also the ones most likely to be targeted by other patent holders. (litigation, licensing, etc.) In today’s system, they find, the disincentives created by other people’s patents outweighs the incentives to build your own portfolio. I.e., on average, the patent system discourages innovation.

Tomlinson

“In PatentSim, we found that the patent system did not work to spur innovation,” said Tomlinson, associate professor of informatics. “In fact, participants were more likely to innovate when there was no intellectual property protection at all, or when they could open-source their innovations and share them with other people.”

he first American "pirate" was probably Benjamin Franklin (1706-90), who was, among other things, a Philadelphia printer who re-published the works of British authors in the eighteenth century without seeking their permission or offering remuneration.

uring both his North American reading tours of 1842 and 1867-68 Dickens lobbied the American Congress to recognize the copyright of British authors, but made little headway because American publishing was undercapitalized and needed to be able to plunder British and continental works in order to survive.

Moral hazard also arises in a principal-agent problem, where one party, called an agent, acts on behalf of another party, called the principal. The agent usually has more information about his or her actions or intentions than the principal does, because the principal usually cannot completely monitor the agent. The agent may have an incentive to act inappropriately (from the viewpoint of the principal) if the interests of the agent and the principal are not aligned.

moral hazard occurs when the party with more information about its actions or intentions has a tendency or incentive to behave inappropriately from the perspective of the party with less information.

Facebook另一款「開心農場」遊戲，也同樣引起熱潮。7-ELEVEn表示，九月開賣農民幣點數，使線上遊戲的點數卡業績成長一成。

明末出了一堆混蛋皇帝及大臣，但他們再怎麼混蛋，還是知道要替國家留一些能吏勇將，去做他們沒有能力去做的事。但自戀刻薄的崇禎自以為是，認為天下只有他是對的，別的人都不盡忠報國，於是他連國家最後的名將熊廷弼、袁崇煥這種人都敢殺。

當代知名的領導學專家波耶特（Joseph H.Boyett）在近著《選民進化論》（Won’t Get Fooled Again）裡，有一個專章談自戀型領袖。他指出，自戀型領袖在達到權力的高峰前，由於自戀所創造出的形象很迷人，而且自戀的負面效果還沒有累積到足夠的量，人們普遍會對自戀型領袖寄予過高的期望，因而有利於他快速攀上權力高峰。但到了這時，自戀型領袖的人格及能力特質裡的巨大缺點就會開始暴露

The term adverse selection was originally used in insurance. It describes a situation where an individual's demand for insurance (either the propensity to buy insurance, or the quantity purchased, or both) is positively correlated with the individual's risk of loss (e.g. higher risks buy more insurance), and the insurer is unable to allow for this correlation in the price of insurance^[1].

The term adverse selection was originally used in insurance. It describes a situation where an individual's demand for insurance (either the propensity to buy insurance, or the quantity purchased, or both) is positively correlated with the individual's risk of loss (e.g. higher risks buy more insurance), and the insurer is unable to allow for this correlation in the price of insurance^[1].