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Intangible Economy - What Are the Frictions?
Luigi: It's quite difficult to manage these bundles of intellectual ideas. The ownership boundaries between deas are much more a fuzzy than the ownership boundaries between tangible assets. I think itis going to be very important, because there are going to be big rewards towards people who can combine those things together. How do you navigate between those two paths? Yes, i think this is really difficult. May be part of the reason why our kids like being on facebook is because it is big, and lots of everybody, everybody else is on facebook.