Three Share Nobel in Economics for Work on Social Mechanisms

It is interesting to note that Eric S. Maskin, a professor at the Institute for Advanced Study in Princeton and one of the 3 recipients of a Nobel Prize used the same theory to document in a paper Sequential Innovation, Patents and Imitation that patents on software are harmful innovation. See a BLOG article by Jim Bessen on the Research on Innovation site. Most economists question software patents and it is only patent lawyers and specific company executives that favor the extension of patent law from tangibles to intangibles such as software.