The optimal term of copyright has been a matter for extensive debate over the last decade. Based on a novel approach we derive an explicit formula which characterises the optimal term as a function of a few key and, most importantly, empirically-estimable parameters. Using existing data on recordings and books we obtain a point estimate of around 15 years for optimal copyright term with a 99\% confidence interval extending up to 38 years. This is substantially shorter than any current copyright term and implies that existing terms are too long. (Author’s abstract)
%0 Generic
%1 pollock2009forever
%A Pollock, Rufus
%C Cambridge
%D 2009
%K copyright copyright_term economics iprights
%T Forever minus a day? Calculating optimal copyright term
%U http://www.rufuspollock.org/economics/papers/optimal_copyright_term.pdf
%X The optimal term of copyright has been a matter for extensive debate over the last decade. Based on a novel approach we derive an explicit formula which characterises the optimal term as a function of a few key and, most importantly, empirically-estimable parameters. Using existing data on recordings and books we obtain a point estimate of around 15 years for optimal copyright term with a 99\% confidence interval extending up to 38 years. This is substantially shorter than any current copyright term and implies that existing terms are too long. (Author’s abstract)
%Z June 15, 2009; first version published on July 9th, 2007
@misc{pollock2009forever,
abstract = {The optimal term of copyright has been a matter for extensive debate over the last decade. Based on a novel approach we derive an explicit formula which characterises the optimal term as a function of a few key and, most importantly, empirically-estimable parameters. Using existing data on recordings and books we obtain a point estimate of around 15 years for optimal copyright term with a 99\% confidence interval extending up to 38 years. This is substantially shorter than any current copyright term and implies that existing terms are too long. (Author’s abstract)},
added-at = {2010-09-28T17:32:17.000+0200},
address = {Cambridge},
annote = {June 15, 2009; first version published on July 9th, 2007},
author = {Pollock, Rufus},
biburl = {https://www.bibsonomy.org/bibtex/20dd0d3d43b8b4eba11f08a5fcb20aa55/meneteqel},
howpublished = {Online PDF},
institution = {University of Cambridge},
interhash = {95f327df45def476dd60ee9bc5534ca2},
intrahash = {0dd0d3d43b8b4eba11f08a5fcb20aa55},
keywords = {copyright copyright_term economics iprights},
timestamp = {2011-09-07T13:05:12.000+0200},
title = {Forever minus a day? Calculating optimal copyright term},
url = {http://www.rufuspollock.org/economics/papers/optimal_copyright_term.pdf},
year = 2009
}