Compulsory Licensing vs. the Three "Golden Oldies" Property Rights, Contracts, and Markets

Topics:
Music
Tags:
Advertising & Promotion,
Cato Institute,
Internet,
Marketing
Source:
Cato Institute

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Overview: From its inception in the U.S. in the early 20th century, compulsory licensing has been seen as a means of making intellectual works available by reducing some of the transaction costs associated with obtaining permission to use copyrighted material. There are now increasing calls for compulsory licensing for digitized works on the Internet, particularly music. Conceptually, a compulsory license falls midway between granting full copyright, which gives owners broad control, and denying copyright protection altogether.

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Format: PDF | Size: 114KB | Date: Jan 2004 | Pages: 15

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