Seventeen Famous Economists Weigh in on Copyright: The Role of Theory, Empirics, and Network Effects

@article{Liebowitz2003SeventeenFE,
  title={Seventeen Famous Economists Weigh in on Copyright: The Role of Theory, Empirics, and Network Effects},
  author={Stan J. Liebowitz and Stephen E. Margolis},
  journal={Intellectual Property Law eJournal},
  year={2003}
}
The case of Eldred v. Ashcroft, which sought to have the Copyright Term Extension Act (CTEA, aka Sonny Bono Copyright Act) found unconstitutional, was recently argued before the Supreme Court. A remarkable group of seventeen economists including five Noble laureates, representing a wide spectrum of opinion in economics, submitted an amicus curie brief in support of Eldred. The economists condemned CTEA on the grounds that the revenues earned during the extension are so heavily discounted that… 

Is the Copyright Monopoly a Best-Selling Fiction?

This paper attempts to determine the impact of copyright on the prices of books, which is a task that has not, to my knowledge, been undertaken before. Recent prices of best-sellers written between

The Revision of the Canadian Copyright Act: An Economic Analysis

A clause of the 2012 Canadian Copyright Modernization Act requires Parliament to review the Copyright Act every five years. The House of Commons instructed two of its committees, the Standing

The time limit on copyright: an unlikely tragedy of the intellectual commons

With their “tragedy of the commons” paradigm for intellectual property, Landes and Posner argue that the most important benefit of intellectual property rights is not that they generate incentives to

Info-Communism? A Critique of the Emerging Discourse on Property Rights in Information

This paper has three goals. The first is to salvage the rationality of the debate over the nature of property institutions in information and communications, by critically examining the metaphors and

On the Access Principle in Science: A Law and Economics Analysis

This section provides a comprehensive analysis comparing both systems from a social welfare point of view and hence asking whether academic publishing should be organized by means of a universal

DON'T PANIC!: an unhurried critique of copyright and the potential for alternatives.

This study contributes to the field of critical copyright studies through an engagement with the legal and cultural history of copyright doctrine. This thesis considers the prominent philosophies

More Rights, Less Income?: An Economic Analysis of the New Copyright Law in Germany

The German copyright law was reformed in the end of 2016 with the purpose of ensuring reasonable pecuniary compensation to authors. It proposes an option which entitles authors to negotiate copyright

An Empirical Analysis of the Economics of Copyright: How Valid are the Results of Studies in Developed Countries for Developing Countries?

By most accounts, the exploitation of copyright forms a relatively large part of most developed and developing economies. A small but growing body of literature suggests that 5 per cent of GDP or

Should We Give Every Cow Its Calf? Monopoly, Competition and Transaction Costs in the Promotion of Innovation and Creativity

The work presented here is part of a wider research programme oriented around three specific questions. First, how do individual agents appropriate returns from innovation and how is this affected by

A Taxonomy of Empirical Research on Copyright - How Do We Inform Policy?

This paper summarizes key results in the empirical literature on unauthorized copying and copyright, and puts them into context. Casting the net more widely than previous surveys, it highlights
...

References

SHOWING 1-10 OF 21 REFERENCES

Authors, Publishers, and Public Goods: Trading Gold for Dross

The article seeks to clarify what is at stake - and what is not - in the litigation challenging the constitutional validity of the Sonny Bono Copyright Term Extension Act (CTEA). First, the article

Elementary and Persistent Errors in the Economic Analysis of Intellectual Property

The literature on the economic analysis of intellectual property rights evidences a broad scholarly consensus on a number of central and important issues. First, intellectual property rights enable

The Nature and Function of the Patent System

  • E. Kitch
  • Economics
    The Journal of Law and Economics
  • 1977
THIS essay argues that the patent system performs a function not previously noted:' to increase the output from resources used for technological innovation. Recognition of this function makes it no

The Case Against Intellectual Property

According to a common argument, the presence of strong intellectual property rights spurs innovation, which then leads to fiercer competition, higher economic growth and increasing benefits for the

Fair Use as Market Failure: A Structural and Economic Analysis of the Betamax Case and Its Predecessors

The text of "Fair Use as Market Failure" has three times been reprinted in full: in 1 Intellectual Property and Business (Stephen E. Margolis & Craig M. Newmark, eds., Edward Elgar Publishing:

Copyright Term Extension: Estimating the Economic Values

This report considers proposals to extend the duration of copyrights by 20 years (as in H.R. 2589 and other bills) and related proposals to charge a fee to the owners in order to receive the

Information and Efficiency: Another Viewpoint.

The importance of bringing economic analysis to bear on the problems of efficient economic organization hardly requires comment, but there is a need to review the manner in which the notion of

Why Should Manufacturers Want Fair Trade?

  • L. Telser
  • Business, Economics
    The Journal of Law and Economics
  • 1960
A LONG-STANDING puzzle to economists is that some manufacturers prefer that their products are sold at not less than "fair trade" retail prices.' Before the courts upset the legal status of resale

An Economic Analysis of Copyright Law

INTELLECTUAL property is a natural field for economic analysis of law,1 and copyright is an important form of intellectual property. Yet while there are good introductions to the economics of

Network externality : an uncommon tragedy

Economists have defined 'network externality' and have examined putative inframarginal market failures associated with it. This paper distinguishes between network effects and network externalities,