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BOING BOING - Rufus Pollock, a PhD candidate in economics at Cambridge
University, has just released "Forever Minus a Day? Some Theory and
Empirics of Optimal Copyright," a brilliant new paper on the
economically optimal term of copyright. He's presenting it in Berlin
this week, but it's already online. Here's the abstract:
"The optimal level for copyright has been a matter for extensive debate
over the last decade. This paper contributes several new results on this
issue divided into two parts. In the first, a parsimonious theoretical
model is used to prove several novel propositions about the optimal
level of protection. Specifically, we demonstrate that (a) optimal
copyright falls as the costs of production go down (for example as a
result of digitization) and that (b) the optimal level of copyright
will, in general, fall over time. The second part of the paper focuses
on the specific case of copyright term. Using a simple model we
characterise optimal term as a function of a few key parameters. We
estimate this function using a combination of new and existing data on
recordings and books and find an optimal term of around fourteen years.
This is substantially shorter than any current copyright term and
implies that existing copyright terms are too long."
http://www.rufuspollock.org/archives/198
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BOING BOING - Rufus Pollock, a PhD candidate in economics at Cambridge
University, has just released "Forever Minus a Day? Some Theory and
Empirics of Optimal Copyright," a brilliant new paper on the
economically optimal term of copyright. He's presenting it in Berlin
this week, but it's already online. Here's the abstract:
"The optimal level for copyright has been a matter for extensive debate
over the last decade. This paper contributes several new results on this
issue divided into two parts. In the first, a parsimonious theoretical
model is used to prove several novel propositions about the optimal
level of protection. Specifically, we demonstrate that (a) optimal
copyright falls as the costs of production go down (for example as a
result of digitization) and that (b) the optimal level of copyright
will, in general, fall over time. The second part of the paper focuses
on the specific case of copyright term. Using a simple model we
characterise optimal term as a function of a few key parameters. We
estimate this function using a combination of new and existing data on
recordings and books and find an optimal term of around fourteen years.
This is substantially shorter than any current copyright term and
implies that existing copyright terms are too long."
http://www.rufuspollock.org/archives/198
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