Copyright and Economic Theory
Author | : Richard Watt |
Publisher | : Edward Elgar Publishing |
Total Pages | : 250 |
Release | : 2000 |
ISBN-10 | : UOM:39015050032989 |
ISBN-13 | : |
Rating | : 4/5 (89 Downloads) |
Book excerpt: In the context that many economists do not think copyrights are the most efficient manner for protecting intellectual property, and some declare they are not even necessary, Watt (economic theory, Autonomous U. of Madrid, Spain) sets out a simplified economic theory of copyright piracy and uses it to analyze important aspects in intellectual property transactions, including the royalty contract, optimal copyright law, and copyright collectives. He looks at such questions as why some degree of piracy is good for society and even copyright holders themselves, and how many collectives should an economy have. Annotation copyrighted by Book News, Inc., Portland, OR