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June 19, 2005
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Investment Horizons for Copyright
The New York Times reports on a study finding that most investors do not look farther than five years down the road, even when trying to take into account the long term (Looking Long Term? Get Your Glasses). Now, these are stock market investors, but one wonders how applicable this might be to copyright, whether or not creators or publishers are incentivized by lengthy copyright terms. Did Disney create the Mouse because of the profits he thought it would realize through 2023? Or was he incentivized to create the Mouse because of the profits he thought he could make the first few years after 1928, when Mickey was introduced to the public?
posted by Ernest Miller |
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Ernest Miller pursues research and writing on cyberlaw, intellectual property, and First Amendment issues. Mr. Miller attended the U.S. Naval Academy before attending Yale Law School, where he was president and co-founder of the Law and Technology Society, and founded the technology law and policy news site LawMeme. He is a fellow of the Information Society Project at Yale Law School.
Ernest Miller's blog postings can also be found @
