"Based on our exploratory investigation, we believe that liberalization of existing copyright practices is necessary. Copyrights no longer encourage innovation. Rather, we believe radical approaches or "hidden" opportunities, such as the Potato System, will be more effective, in this digital age, at yielding greater benefit to the creator and, thus, encouraging media industry innovation and heightened creativity. "
"Intellectual property (IP) protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation. Optimal policy depends on the relative strength of these two forces. We give a quantitative assessment of current IP policies. We focus particularly on the scale of the market, showing that as it increases, due either to growth or to the expansion of trade, IP protection should be reduced."
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