Handbook on the Economics of Copyright

Handbook on the Economics of Copyright

A Guide for Students and Teachers

Elgar original reference

Edited by Richard Watt

Featuring expert contributors from around the world, this book offers insight into the vital theoretical and practical aspects of the economics of copyright. Topics discussed include fair use, performers’ rights, copyright and trade, online music streaming, internet piracy, copyright and visual art markets, and open source publishing. In addition to in-depth coverage of these timely topics, the authors also offer insightful predictions and policy recommendations for the future.

Chapter 5: The public domain

Paul J. Heald

Subjects: economics and finance, intellectual property, law - academic, intellectual property law

Extract

As policymakers around the world consider further extensions of the term of copyright for existing works, a debate rages over the value of maintaining a growing public domain. Copyright term extensions prevent works from falling into the public domain, essentially freezing the number of works available for free exploitation. The aggressive lobbying of copyright owners has brought cost-benefit analysis of the public domain to the forefront of economic research in copyright law.

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