Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Having had
inadequate time or effort spent on itsproduction .
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Even now, good but unpatentable ideas are underrewarded and hence surely underproduced, which is all the more reason to be grateful when one comes along.
More Sex Is Safer Sex Steven E. Landsburg 2007
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Even now, good but unpatentable ideas are underrewarded and hence surely underproduced, which is all the more reason to be grateful when one comes along.
More Sex Is Safer Sex Steven E. Landsburg 2007
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So keeping that schema in the back of our heads, we can start in on the second question: What types of reporting do we have reason to worry will be underproduced without the old-fashioned bundling and cross-subsidy?
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People won't invest the efficient amount in the more valuable inventions (where valuable is a combination of benefit-giving and non-obviousness), so they will be underproduced.
Intellectual Property, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Software, movies and news will be seriously underproduced or underconsumed or both by the free market thats for sure.
Matthew Yglesias » The Futile Struggle Against Free Content 2010
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The point of copyright laws is to internalize a positive externality which in a totally free market causes the good or service to be underproduced relative to the social optimum.
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Economic theory argues that goods or services that meet this definition will be underproduced by the private sector and should therefore be financed by government.
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Software, movies and news will be seriously underproduced or underconsumed or both by the free market thats for sure.
Matthew Yglesias » The Futile Struggle Against Free Content 2010
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Public goods are either not produced, or are underproduced by profit seeking firms.
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Simultaneously overdone and underproduced, the movie jerks its way from point to point without bothering to explain the characters 'behavior or inject any life into its musical numbers.
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