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.
MIT Tech Review's Antonio Regalado rounds up the year's stupidest, worst moments in tech, from the guy who created his own CRISPR-based gene therapy to beef up his muscles and injected it to Donald Trump's Twitter feed to the FCC's Net Neutrality catastrophe. Of course, Juicero rates a mention.
Pundits suggest the “Weinstein moment” — a broader, deeper awareness of abusive conduct, sexual harassment and criminal sexuality — is already fading without significant change. Few of the offenders face consequences worse than losing a gig, and yesterday we learned The New York Times isn’t even up to that, letting its celebrity groper keep his […]
Webflow’s history of the web is a Bayeaux Tapestry of obsolete virtues and current vices, a superimposition of new and old bad things. It’s a clever and very 2017 way to market a web design app that lets normal people keep making worthwhile mistakes on the web — a gateway to free expression — as […]
Surfing on public Wi-Fi is convenient, but it’s far from safe. Whether you’re at a cafe or hotel, connecting to an unsecured network exposes you—and your personal information—to a host of hazards, including hackers, government spies, and trackers. Private Internet Access helps you navigate past these risks and tap into a safer, restriction-free internet, and […]
The web is vast, and while there’s room for everyone, competition is stiff when it comes to landing on that first page of a Google search. That’s why developers aren’t afraid to spend exorbitant amounts of time and money on search engine optimization (SEO) to ensure their sites rank higher than others. However, not all […]
Many of us enjoy the aesthetic of vintage electronics, but trying to use most hardware from the 1950’s isn’t necessarily practical. This is especially true where speakers are concerned. While most of us can appreciate the old-school feel of retro speakers, they have a hard time matching the convenience and power delivered by today’s Bluetooth speakers. […]