Information is one of the few things humans can create without diminishing resources available to others. However, there are still economic obstacles related to information. The economists Cooter and Ulen describe the dilemma of private information property rights: without a legal monopoly not enough information will be produced, but with the legal monopoly too little information will be used. If we want to move toward a web of information with a quality worth paying for, an appropriate revenue model for information trade on the web must be facilitated.
Predictor: Norderhaug, Terje
Prediction, in context:In a paper presented at the third annual WWW Conference in 1995, Terje Norderhaug and Juliet M. Oberding of Media Design inProgress presented research titled, ÒDesigning a Web of Intellectual Property,Ó in which they assert that web technology undermines the protection of intellectual property. They write: ÒInformation is one of the few things humans can create without diminishing resources available to others. However, there are still economic obstacles related to information. The economists Cooter and Ulen describe the dilemma of private information property rights: without a legal monopoly not enough information will be produced, but with the legal monopoly too little information will be used. If we want to move toward a web of information with a quality worth paying for, an appropriate revenue model for information trade on the web must be facilitated.Ó
Date of prediction: January 1, 1995
Topic of prediction: Controversial Issues
Subtopic: Copyright/Intellectual Property/Plagiarism
Name of publication: WWW Conference '95
Title, headline, chapter name: Designing a Web of Intellectual Property
Quote Type: Direct quote
Page number or URL of document at time of study:
www.igd.fhg.de/archive/1995_www95/proceedings/papers/95/webip.html
This data was logged into the Elon/Pew Predictions Database by: Guarino, Jennifer Anne