Economics of copyright: Challenges and perspectives (original) (raw)

Interdisciplinary research papers: economics of copyright: challenges and perspectives

2013

This article outlines the prominence of economic analysis of copyright, not only within the academic community, but also in the legal practice. The successful cooperation of law and economics in the field of copyright calls for advanced microeconomic analytical skills and a high level of legal understanding of intellectual property. The study highlights the central dilemma between access of copyright users and incentives to authors, by raising important issues under the umbrella of the microeconomics of copyright and macroeconomic consequences of piracy

The Past and the Future of the Economics of Copyright

The economics of copyright as such has certainly come of age. About 70 years has passed since the very first time that economists gave serious thought to the copyright system, although it has been only during the last 20 years that the literature has flourished. In this paper an overview of the general topic of the economics of copyright is given, and the areas that have already be touched upon are discussed. Then, a speculative answer is attempted to the question of what the near future will hold.

Publishing Research Quarterly, 2021

This paper discusses aspects of economic analysis of law developed because of the status quo existing on the Internet and of the evolution of legal theory on copyright. It also explores the massive increase of interest in the law and economics of intellectual property during the first decade of 21 st century. The paper argues that law and economics discourse on copyright foregrounds policymaking with a focus on copyright's economic ramifications. This paper also examines Coase's theorem and its influence on considerations about copyright regulatory frameworks and potential reform to keep abreast of ongoing technological advancements and their impact on copyright protection in the digital age. I COPYRIGHTED WORKS ON THE INTERNET This paper discusses aspects of economic theory developed under the influence of the status quo existing on the Internet and of the evolution of legal theory on copyright. The emergence of the law and economics movement has captured various segments of policymaking, including the discipline of copyright in law. 1 The roots law and economics has emerged as a significant branch in legal theory with the seminal work of Ronald Coase, Nobel Memorial Prize in Economic Sciences (1960). 2 The literature indicates a massive growth of interest in the law and economics of intellectual property by the beginning of the 21 st century. 3 Economics has a direct effect on copyright, and law and economics discourse on copyright has dominated

Issues in Assessment of the Economic Impact of Copyright

Review of Economic Research on Copyright Issues, 2004

This article explores methods and issues in measuring the contributions of copyright industries to national economies. It reveals the importance of copyright value creation, identifies copyright industries and activities that make economic contributions, discusses problems of measurement, compares methods used and reveals difficulties in comparability of existing research, and provides suggestions for improving and undertaking future research.

Economic Analysis of Law : What It is All About ?

2016

Aleksandar Stojkov, Goce Naumovski, & Vasko Naumovski * Abstract This article outlines the prominence of economic analysis of copyright, not only within the academic community, but also in the legal practice. The successful cooperation of law and economics in the field of copyright calls for advanced microeconomic analytical skills and a high level of legal understanding of intellectual property. The study highlights the central dilemma between access of copyright users and incentives to authors, by raising important issues under the umbrella of the microeconomics of copyright and macroeconomic consequences of piracy.

The economic dimension of the digital challenge: a copyright perspective

2005

The digital revolution has increased the economic importance of copyright, but also made copyright infringement much easier. This paper addresses the most fundamental economic challenge for copyright in the third millennium: to achieve the right level of copyright protection. It is just as dangerous to produce a system with too much protection as one with too little.

Shall We Dance? When Law and Economics Meets Copyright

2008

In the late 1960s and early 1970s, Law and Economics emerged as a wholly new field of legal research and study. Economics provides not only a behavioral theory to predict how people respond to changes in laws, but also a useful normative standard for evaluating law and policy. In the eyes of economists, laws are instruments for achieving important social goals, namely, resources allocative efficiency. In the area of Copyright Law, economic analysis has taken an important role in examining the conflict of interests between copyright owners and public. Scholars and experts of law and economics have been working to find out the most efficient way to allocate the scarce resource and to maximize social welfare – in copyright law, is the Constructional object of promoting the progress of science and useful art. In this article, the author will first introduce the movement of Law and Economic Analysis, and illustrate the development and the central * This article is the revised vision of t...

National Studies on Assessing the Economic Contribution of the Copyright-Based Industries

2010

The Economic Contribution of Copyright-Based Industries in Colombia This research study, which was commissioned by the World Intellectual Property Organization (WIPO) and the National Copyright Directorate of Colombia, seeks to quantify the economic contribution of the copyright-based industries (CBI) to value added output (GDP), foreign trade (exports and imports) and employment in Colombia during the period 2000-2005.

In its judgement in the case of Harper & Row v. Nation Enterprises , 1 the U.S. Supreme Court held that The Nation Magazine had infringed on Harper & Row's copyright in the as-yet unpublished memoirs of former U.S. President Gerald Ford when it published an excerpt, supplied by an unauthorized source, without license. In fact Harper & Row had negotiated an agreement with Time Magazine to publish excerpts, but when the Nation's "scoop" was published, Time canceled its article and refused to pay Harper & Row the balance of its account. The Nation attempted to persuade the court that its publication was fair use, and that the constitutional principle of freedom of expression should be applied. But the court declined to do this, and warned "it should not be forgotten that the Framers [of the U.S. Constitution] intended copyright itself to be the engine of free expression." 2 The U.S. Constitution grants Congress the power "[t]o promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writing and discoveries." 3 Likewise Britain's first copyright statute was "A Bill for the Encouragement of Learning by Vesting the Copies of Printed Books in the Authors, or Purchasers, or such Copies, during the Times therein Mentioned." 4 In each country there was at least the appearance that the lawmakers saw copyright as something to encourage, rather than suppress, expression. Even prior to the copyright statutes, Milton's Areopagitica contained arguments against censorship and in favour of copyright. Yet in this age there seem to be more frequent conflicts between the laws of copyright and the principle of freedom of expression.

Economics of copyright: Challenges and perspectives (original) (raw)

Related papers