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

  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},
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… 

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