An Economic Model of Fair Use
AbstractThe doctrine of fair use allows unauthorized copying of original works of art, music, and literature for limited purposes like criticism, research, and education, based on the rationale that copyright holders would consent to such uses if bargaining were possible. This paper develops the first formal analysis of fair use in an effort to derive the efficient legal standard for applying the doctrine. The model interprets copies and originals as differentiated products and defines fair use as a threshold separating permissible copying from infringement. Application of the analysis to several key cases (including the recent Napster case) shows that this interpretation is consistent with actual legal reasoning. The analysis also underscores the role of technology in shaping the efficient scope of fair use.
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Bibliographic InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 2003-38.
Length: 23 pages
Date of creation: Sep 2003
Date of revision:
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Other versions of this item:
- Thomas J. Miceli & Richard P. Adelstein, 2005. "An Economic Model of Fair Use," Working papers 2005-56, University of Connecticut, Department of Economics.
- Thomas J. Miceli & Richard P. Adelstein, 2005. "An Economic Model of Fair Use," Wesleyan Economics Working Papers 2005-014, Wesleyan University, Department of Economics.
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
This paper has been announced in the following NEP Reports:
- NEP-TID-2003-10-05 (Technology & Industrial Dynamics)
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