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 decade ago, Steve Jobs admitted in an interview that Apple had the means to remotely kill core functionalities and apps on iOS devices. Apple purportedly made this possible to ensure that their hardware could not be taken over with malicious apps. I remember being very not OK with this, at the time. But over […]
At the big Apple Event in Cupertino today, the iPhone Xs and iPhone Xs Max were touted as ‘the best and biggest displays’ yet for iPhone.
At the big Apple Event today in Cupertino, a new iPhone was revealed. Here are official photos we received from Apple, for a closer look.
As more companies leverage cloud technology to unite and streamline their operations, the need for capable IT pros increases. But, as any IT guru will tell you, demand alone won’t get your foot in the door to this lucrative field. If you want to cash in on the demand and build a thriving IT career, […]
iOS 12 is finally here, which means now is the best time for aspiring developers to throw their hats into the app development game. While app development can be tricky for some, you can take an intuitive, beginner-friendly approach to understanding app creation and Apple’s latest iOS platform with the iOS 12 & Xcode 10 Bootcamp, […]
It might still be September, but the holiday season will be here before you know it, which means now is the time to think about where you want to vacation to—and what to do once you get there. To this end, we’ve scoured the Web and tracked down a number of travel hacking ebooks, gadgets, […]