In this dissertation, I study economics textbook markets as an example of durable goods monopoly. Textbooks are protected by copyrights, and from a student's point of view, different textbooks are not good substitutes because students wish to use the textbook adopted by their instructors. Therefore sellers have market power. Textbooks can be…

Current copyright law was formulated before the digital technology became widely available and well before Web 2.0 changed the way that information is created and shared. J. Patrick McGrail and Ewa McGrail argue that copyright law has failed to keep up with the social and legal changes that have accompanied the technological developments of the…

When Lars Ulrich, drummer for the rock group Metallica, testified before Congress about his group's lawsuit against Napster in 2000, many people who followed copyright issues in the music industry were not surprised (Ulrich, 2000). Ever since downloading audio files became as easy as clicking a few buttons on a personal computer, charges of…