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.
A judge in Canada today granted $10 million bail for Meng Wanzhou, the CFO of China electronics giant Huawei. She has to remain in the Vancouver area, where she has a home. The United States has requested her extradition. China is not happy. Huawai’s response follows. .
That massive data breach that hit hotel group Marriott? Now there are clues the hackers behind it were working for a Chinese government intelligence gathering operation.
Tumblr will ban ‘female-presenting nipples’ and other content beginning December 17, 2018. Photographer and writer Nate ‘Igor’ Smith is a longtime Tumblr user whose work straddles the boundaries of art, editorial, and adult. Here, Nate explains why Tumblr’s decision to censor is devastating for the Tumblr’s longtime users, and the rest of us. — XJ […]
For the true audio enthusiast, there’s a lot of difference between putting on some songs “for background music” and a true listening experience. For the latter, there’s nothing like a pair of sturdy headphones and the powerful speakers that come with them. And the wireless variety doesn’t get much more powerful than the TREBLAB Z2 […]
Digital or analog, there’s a path of least resistance for any project. Finding that path is what the Agile methodology is all about, which is why proficiency in it is a must for any project management position – and the paycheck that comes with it. And the quickest path to learning Agile? The Agile Project […]
Everybody’s flown a paper airplane. But what if you could fly on a paper airplane? Until we invent shrink-ray technology, the PowerUp X FPV Video Paper Airplane Kit will have to do – but it’s as fun as that sounds and more. The original version of this creative toy added drone tech to the old, […]