Even though it does not really exist, a Marvel superhero is intellectual property that a company like Disney can own.
This week’s everyday economics includes property rights, trade, creative destruction, entitlements, tradeoffs, conservation, externalities, price, and markets.
When deciding whether the Happy Birthday song has a copyright, we are really debating how broad or narrow intellectual property rights should be.
At the Supreme Court this week, broadcasters sought to stop a small firm from competing against them. Saying it was violating copyright law, ABC led a group challenging Aereo’s business model. Aereo uses tiny antennas to send programming to viewers…