Seventeen Famous Economists Weigh in on Copyright: The Role of Theory, Empirics, and Network Effects
- Topics:
- Music
- Tags:
- Economist,
- Network,
- Network Effect,
- Theory,
- University Of Texas
- Source:
- University of Texas
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Overview: 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 they have almost no value, while the extended protection of aged works creates immediate monopoly deadweight losses and increases the costs of creating new derivative works. It presents data that counters a common claim that copyright extension so far out in the future can have little effect on creativity.
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Format: PDF | Size: 260KB | Date: Jan 2004 | Pages: 27
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