consider the case of intellectual property rights, such as the ownership of a copyright by an...

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consider the case of intellectual property rights, such as the ownership of a copyright by an...

consider the case of intellectual property rights, such as the ownership of a copyright by an author of a book. would you characterize the copyright as a non rivalrous good? however is such a copyright also non excludable? justify the answerwith economic reasoning.

business economics

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Answer 1

Answer #1

Ans) Non excludable means that no one can be excluded from using the product. And non rivalrous means ones usage does not reduce its availability for others.

Now, if the book is printed then it is rivalrous because one's usage reduces its availability for others while if book is e book then it is non rivalrous in nature as due to negligible marginal cost and quick multiplicity ones usage does not reduce its availability for others.

Copyright books are excludable in nature because due to copyright laws, only the person who pays the right price will be authorised to use it.

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