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April 5, 2011 04:50 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Xmo2rnnYq2I/Piracy-Is-a-Market-Failure-mdash-Not-a-Legal-One
Piracy Is a Market Failure — Not a Legal One
Mr.Fork writes "Michael Geist, Canada's copyright law guru and law prof at the University of Ottawa, posted an interesting observation about the copyright issue of piracy. Canada's International Development Research Centre came to a conclusion that 'piracy is chiefly a product of a market failure, not a legal one' after a multi-year study of six relevant economies. 'Even in those jurisdictions where there are legal distribution channels, pricing renders many products unaffordable for the vast majority of the population. Foreign rights holders are often more concerned with preserving high prices in developed countries, rather than actively trying to engage the local population with reasonably-priced access. These strategies may maximize profits globally, but they also serve to facilitate pirate markets in many developed countries.'" 
Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Xmo2rnnYq2I/Piracy-Is-a-Market-Failure-mdash-Not-a-Legal-One
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