Efficient Contracts for Digital Content
نویسنده
چکیده
This paper analyses efficient contracts for digital content, focusing on the music industry. It contributes to the quest for an efficient intellectual property rights environment for information goods. Moreover, it adds an interesting application to the field of behavioural economics. The model is set in a contract theory framework with the copyright holder being the principal and a consumer the agent. We offer three contract cases for analysis: strong copy protection, a strategically low price and voluntary reciprocal contributions. Insights from the economics of information and behavioural economics -information goods have public goods properties; social preferences are significant among individuals -are applied to examine the value of a strict copyright enforcement in the digital age. We find that endogenous incomplete contracts based on fair, reciprocal behaviour may achieve a firstbest allocation of information goods, while complete contracts are limited to second-best results.
منابع مشابه
An Efficient Hierarchical Modulation based Orthogonal Frequency Division Multiplexing Transmission Scheme for Digital Video Broadcasting
Due to the increase of users the efficient usage of spectrum plays an important role in digital terrestrial television networks. In digital video broadcasting, local and global content are transmitted by single frequency network and multifrequency network respectively. Multifrequency network support transmission of global content and it consumes large spectrum. Similarly local content are well ...
متن کاملDesigning Adaptive Replication Schemes for Efficient Content Delivery in Edge Networks
Content availability has become increasingly important for the Internet delivery chain. In order to enhance availability, content distribution network (CDN) providers have invested in hybrid designs that combines resources from datacenter and edge networks. Although, to deliver videos with an outstanding availability and meet the increasing user expectations, hybrid CDNs must enforce strict QoS...
متن کاملToward a Conceptual Framework for Digital Contract Composition and Fulfillment
This paper deals with current (conceptual) issues in the field of contract management. We describe a basic contract life cycle with four phases: offer placement, offer confirmation (conclusion of the contract), fulfillment of duties (consumption of rights), and contract archiving. In our investigation of contract content, we identify core contract objects, usage-specific extension objects and t...
متن کاملتأملی درباره جایگاه اصل حاکمیت اراده در قرارداد واگذاری سهام دولت در فرایند خصوصی سازی
The principle of voluntarism has essential role in formation of contract, choice of contract party and ascertaining the terms of contract in the law of contract in Iran. However, the position of this principle as for contracts of assignment of government shares in the process of privatization, specifically with respect to the power and authority of contract parties to ascertain the terms of the...
متن کامل