Document Type
Book Chapter
Publication Date
2014
Editor(s)
Richard Watt
ISSN
9781849808521
Publisher
Edward Elgar Publishing
Language
en-US
Abstract
Markets are most acceptable when they serve efficiency and other goals. It is only under transaction-costless conditions of perfect knowledge, flawless and cost-free enforcement, full monetization, and instantaneous ability to organize and negotiate, that markets are guaranteed to generate efficient outcomes. And even then, markets could fall short as social tools, because goals other than allocative efficiency may fail to be met.
Recommended Citation
Wendy J. Gordon,
The Fair Use Doctrine: Markets, Market Failure and Rights of Use
,
in
Handbook on the Economics of Copyright: A Guide for Students and Teachers
77
(Richard Watt ed.,
2014).
Available at:
https://scholarship.law.bu.edu/faculty_scholarship/47
