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“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0) © Gresham College 2006 Mercers’ School Memorial Professor of Commerce Michael Mainelli Enclosures of the Mind: Governing the Intellectual Commons

© Gresham College 2006 Outline Intellectual uncommon All change for a trip Property or common theft Alternatives? Don’t worry… Patently the wrong measure Thoughts for the uncommon man (sic) “Get a detailed grip on the big picture.” Chao Kli Ning

© Gresham College 2006 Intellectual Uncommon

© Gresham College 2006 Patent, Trademark, Copyright

© Gresham College 2006 All Change For A TRIP

© Gresham College 2006 Up, Up and Abroad - US Patent Awards

© Gresham College 2006 The First Patent Officer

© Gresham College 2006 Coase’s Penguin Property more valuable than implementation costs Cost of implementing property higher than opportunity cost of property Market exchange of x more efficient than organizing x Pure market (farmer’s market) Pure commons? (Arxiv.org) (or time and materials payments) Organizing x more efficient than market exchange of x Firms (aerospace company) Common property regimes (standards markets, e.g. ISO 9000) (adapted from Benkler, 2002, page 33

© Gresham College 2006 Don’t Stall, Roll Back! Richard Stallman in Brussels, 2005, from Wikipedia

© Gresham College 2006 What Are The Alternatives?

© Gresham College 2006 Disruptive Technology

© Gresham College 2006 Not Black, Not White

© Gresham College 2006 IP Violator?

© Gresham College 2006 IP IP Violator??

© Gresham College 2006 IP = Oil “Intellectual property is the oil of the 21st century. Look at the richest men a hundred years ago: They all made their money extracting natural resources or moving them around. All today’s richest men have made money out of intellectual property.” Mark Getty

© Gresham College 2006 Don’t Worry, Be Happy! You’ll laugh ☺ You’ll cry ☹ You’ll kiss ♥ Lili

© Gresham College 2006 Get Hopping!

© Gresham College 2006 Patent Prowess? To date NASA has filed 6509 patents, in developing the A6, Audi has filed 9,621 A6 Patent No: VOR5PRU7NGDUR6CHT3CHN1K from a recent Audi ad campaign

© Gresham College 2006 Controlled Options Market for Intellectual Rights 1. Issue at auction a strict number of tradeable options to file patents, copyrights and trademarks each year, for different durations. 2. Set a requirement for patent, copyright and trademark offices to indemnify prior art and other safeguards by quoting a price for the indemnity (insurance) and publish the amount of the indemnity and the amount paid by the applicant.

© Gresham College 2006 Discussion 1. Why do government agencies apply for patents? Should governments buy out some patents and put them in the global commons? 2. How feasible is a “Controlled Options Market for Intellectual Rights”? “Get a big picture grip on the details.” Chao Kli Ning

© Gresham College 2006 Enclosures of the Mind Thank you!