Hal R. Varian
Abstract
The author considers the peculiar properties of copyright as an object of economic analysis and outlines its history in the USA. The article also addresses the problem of the optimal term of copyright from the point of view of social welfare. Simple models of price-setting on the market for information goods are analyzed.
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The author considers the peculiar properties of copyright as an object of economic analysis and outlines its history in the USA. The article also addresses the problem of the optimal term of copyright from the point of view of social welfare. Simple models of price-setting on the market for information goods are analyzed.
Key concepts: Copying, Information good, Point (geometry), Simple (philosophy), Object (grammar), Economics, Term (time), Economic welfare