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Copyright and Economic Theory - Friends or Foes? (Hardcover)
Loot Price: R2,857
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Copyright and Economic Theory - Friends or Foes? (Hardcover)
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In the past, economists have not always been able to agree on the
idea that copyright is an efficient way of protecting cultural
intellectual property. Indeed, many economists argue that copyright
is not even necessary. In Copyright and Economic Theory a
rigorously extensive yet simplified economic theory of copyright
piracy is presented, and used to analyse important aspects of
intellectual property transactions including the royalty contract,
optimal copyright law, and copyright collectives. The author also
analyses important areas of discussion in copyright, such as how
can it be that a certain degree of piracy is beneficial, not only
socially, but also for copyright holders and producers of
originals? Are linear royalty contracts optimal? How many copyright
collectives should a given economy have? Would a copyright
collective prefer to act as a leader or a follower in a Stackelberg
duopoly? The book analyses and contrasts existing theories
concerning the economic theory of copyright, and presents a simple
economic model in which copyright can be effectively studied,
considering all principal areas of interest in copyright. This book
will be fascinating reading for academics in economics, law and
industrial organisation as well as for legal professionals
including lawyers, copyright collectives and relevant governmental
organisations.
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