information costs

Intellectual Property as Property: Delineating Entitlements in Information, authored by Prof. Henry Smith was published last summer in the Yale Law Journal. It is an important article, a must-read for IP theory fans, all the more for law-and-economics folks. A blog post is perhaps not the ideal venue to discuss Smith’s insights in depth. The breadth of the theoretical discussion it begs is vast and the potential application of the information cost theory to property issues is enormous. My limited aim here is to share some thoughts about possible applications to copyright law and the tendency to protect technological access-controls under the copyright statue. Read more » about Copyright Law and the Information Cost Theory