This week’s IGM Economic Experts Panel statements:
A: All else equal, Patent Assertion Entities — which specialize in acquiring and asserting patents and are popularly known as “patent trolls" — promote innovation in the U.S.
B: Within the software industry, the US patent system makes consumers better off than they would be in the absence of patents.
Keyword: tech companies
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This week’s IGM Economic Experts Panel statements:
A: Advancing automation has not historically reduced employment in the United States.
B: Information technology and automation are a central reason why median wages have been stagnant in the US over the past decade, despite rising productivity.
This week’s IGM Economic Experts Panel poll statement:
Unless they have inside information, very few investors, if any, can consistently make accurate predictions about whether the price of an individual stock will rise or fall on a given day.
Plausible expectations of future dividends, discounted using a plausible risk-adjusted interest rate, explain well the level of stock prices for recently listed internet businesses in 1999.
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