Re: [gnso-vi-feb10] Benefits of Cross Owenship - Presentation

[Eric Brunner-Williams <ebw@xxxxxxxxxxxxxxxxxxxx>]

Jeff,

You're making the same point you made earlier in an exchange of notes
with Amadeu. If you would come up with something that could be cut and
pasted into notes so that we could write about this bag of property
rights, and what a "cap" might mean for each kind of property right in
the bag, that could be helpful.

In any event, I expect your remark means more to the position that a
cap on something which is less than the whole of that something and
greater than none of that something is useful, than to the positions
of "none" (the Board in Resolution #5) and "all" (Jeff E.'s recently
clarified position), as in either of those two extrema we don't need
to be concerned with what's in the bag, as the bag is either
completely absent, or completely present.

Eric