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Copyright Law

DeLong is reporting on the Eldred v. Ashcroft copyright extension case currently in the supreme court.
17 economists spoke out against the copyright extensions contained in the new law (from 50 to 70 years) in a filing to the Supreme Court.
Eldred v. Ashcroft
17 Economists: Roy T. Englert, Jr. George A. Akerlof, Kenneth J. Arrow, Timothy F. Bresnahan, James M. Buchanan, Ronald H. Coase, Linda R. Cohen, Milton Friedman, Jerry R. Green, Robert W. Hahn, Thomas W. Hazlett, C. Scott Hemphill, Robert E. Litan, Roger G. Noll, Richard Schmalensee, Steven Shavell, Hal R. Varian, and Richard J. Zeckhauser

Amici Brief
Taken as a whole, it is highly unlikely that the economic benefits from copyright extension under the CTEA outweigh the additional costs. Moreover, in the case of term extension for existing works, the sizeable increase in cost is not balanced to any significant degree by an improvement in incentives for creating new works. Considering the criterion of consumer welfare instead of efficiency leads to the same conslusion, with the alteration that the CTEA’s large transfer of resources from consumers to copyright holders is an additional; factor that reduces consumer welfare.

More: Justice Breyer Asks Interesting Questions on Eldred v. Ashcroft: Archive Entry From Brad DeLong’s Webjournal

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