Rising Tide Rents and Robber Baron Rents
O'Reilly Media
APRIL 23, 2024
The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. Once the patents expire, there is competition from so-called “generic drugs,” and the price comes down. For example, consider drug pricing.
Let's personalize your content