This column publishes interdisciplinary research papers
(relevant to law in context).
ECONOMICS OF COPYRIGHT:
CHALLENGES AND PERSPECTIVES
Aleksandar Stojkov, Goce Naumovski, & Vasko Naumovski ♣
This article outlines the prominence of economic analysis of copyright, not
only within the academic community, but also in the legal practice. The
successful cooperation of law and economics in the field of copyright calls for
advanced microeconomic analytical skills and a high level of legal
understanding of intellectual property. The study highlights the central dilemma
between access of copyright users and incentives to authors, by raising
important issues under the umbrella of the microeconomics of copyright and
macroeconomic consequences of piracy.
Innovation, development, law and economics
The indispensability of analyzing intellectual property rights through the
economic lenses is an outcome of the concept of intellectual property as a social
phenomenon. In particular, both economics and intellectual property are closely
affiliated with innovation, technology, and development.
Kamil Idris, the former Director General of the World Intellectual Property
Organization (hereinafter: WIPO) underscored the economic perspective on the
copyright in one of his addresses:
“[…] In the XXI century, intellectual property is no longer seen as an
autonomous and separate area and has become a significant tool for policy-
♣ Aleksandar Stojkov (Ph.D), Goce Naumovski (Ph.D), Vasko Naumovski (Ph.D)
Iustinianus Primus Faculty of Law, Ss. Cyril and Methodius University, Blvd. Goce
Delcev 9b, 1000 Skopje, Republic of Macedonia.
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