Copyright Laws. This Is Accomplished Essay

This is problematic, because if left unaddressed this can hurt innovation and the ability of companies to create new technology. The reason why, is due to the fact that certain firms are using copyright laws to protect their profit margins and dominance inside the sectors. This is considered to be monopolistic, as they are hiding behind these regulations to maintain the status quo.

When you compare the underlying strengths and weaknesses of different copyright laws, it is obvious that they are designed to safeguard the time and investment in the project. As, these regulations are giving them the ability to earn an income off of their ideas and recoup any losses during process of refining their work. This is important, because this basic provision has allowed producers to innovate and bring forth ideas that will change society.

However, many of these laws also have a number of weaknesses to include: they are hard to enforce, they can be costly and are monopolistic. These different elements are troubling, because they are showing how various copyrights can hurt innovation and protect uncompetitive firms. This can stifle innovation by giving unfair monopolistic advantages to certain industry groups or insiders. Over the course of time, this will lead to higher costs and less innovation because of this kind of model that is in place. As a result, there must be some kind of balance that is taken when dealing with these issues. Otherwise, the odds increase that one particular group will have undue amounts of influence over the process.

Bibliography

Boldren, M, 2002, 'The Case Against Intellectual Property', American Economic Review, vol. 92, no.2, pp. 209 -- 212.

Klein, B, 2000, 'Intellectual Property', American Economic Review, vol. 92, no. 2, pp. 205 -- 208.

Romer, P, 2002, 'When Should We Use Intellectual Property Rights', American Economic Review, vol. 92, no. 2, pp. 213 -- 216.

Varian, H, 2005, Copying and Copyright, University of California.…