Toward an Ecology of Intellectual Property: Lessons from Environmental Economics for Valuing Copyright's Commons
Frank A. Pasquale III
University of Maryland Francis King Carey School of Law; Yale University - Yale Information Society Project
Yale Journal of Law & Technology, Vol. 8, No. 78, January 2006
Seton Hall Public Law Research Paper No. 12
The fair use defense in copyright law shields an intellectual commons of protected uses of copyrighted material from infringement actions. In determining whether a given use is fair, courts must assess the new use's potential effect on the market for the copyrighted work. Fair use jurisprudence too often fails to address the complementary, network, and long-range effects of new technologies on the market for copyrighted works. These effects parallel the indirect, direct, and option values of biodiversity recently recognized by environmental economists. Their sophisticated methods for valuing natural resources in tangible commons can inform legal efforts to address the intellectual commons' effect on the market for copyrighted works.
Number of Pages in PDF File: 39
Keywords: copyright, intellectual property, environmental, economics
JEL Classification: A12, K32, O34
Date posted: August 30, 2004 ; Last revised: November 12, 2007
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