Using securitization as an upfront payment to musicians for future royalties, Bowie Bonds were a Wall Street innovation.
In Taiwan, for two days, people whose name was “salmon” (and five of their friends) got all-you-can-eat sushi. Offered by a sushi restaurant chain, the promotion created “salmon chaos.” Because you just needed an identity card that included “gui yu” (the…
Included in a long list of color trademarks, magenta belongs to T-Mobile but the precise hue and the industry where it’s owned have been challenged.
Lay’s Potato Chips became more than a snack when PepsiCo decided that a group of nine Indian farmers should not grow its special potatoes.
Looking at who did not pay Aretha Franklin for “Respect,” we can see why music copyright law is being rewritten by the Congress.
Through incentives that encourage participants to solve design problems, contests can use the benefits of crowdsourcing to stimulate innovation.
This week’s everyday economics includes property rights, trade, creative destruction, entitlements, tradeoffs, conservation, externalities, price, and markets.
When deciding whether the Happy Birthday song has a copyright, we are really debating how broad or narrow intellectual property rights should be.