The Advantages and Disadvantages of Rewards

Gerard Magliocca

Gerard N. Magliocca is the Samuel R. Rosen Professor at the Indiana University Robert H. McKinney School of Law. Professor Magliocca is the author of three books and over twenty articles on constitutional law and intellectual property. He received his undergraduate degree from Stanford, his law degree from Yale, and joined the faculty after two years as an attorney at Covington and Burling and one year as a law clerk for Judge Guido Calabresi on the United States Court of Appeals for the Second Circuit. Professor Magliocca has received the Best New Professor Award and the Black Cane (Most Outstanding Professor) from the student body, and in 2008 held the Fulbright-Dow Distinguished Research Chair of the Roosevelt Study Center in Middelburg, The Netherlands. He was elected to the American Law Institute (ALI) in 2013.

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1 Response

  1. PrometheeFeu says:

    Actually, there is a fairly large movement of people who believe that granting property rights over intellectual products (or Intellectual Property) is inefficient. Some believe that the state should not intervene at all, and let content creators live off capturing the externalities created by their content (using a wide variety of techniques including advertising, t-shirts, concert tickets etc…) but some actually believe in some sort of a reward system. It is often referred to a global licensing where some sort of tax is imposed on something (ranging from internet connections, to income, to oil for the more esoteric) and the proceeds of that tax distributed to content creators based on a pro-rata of something or other ranging from the count of downloads of the content they created to the votes they get in some sort of poll system. As you can see, the specifics are the subject of much disagreement, but IP is not as obvious as you seem to think. I’m an economist, and so Marginal Cost = Price makes a whole lot of sense to me.