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02.12.2007 (previous | next)
Economists on DRM

Tyler Cowen of Marginal Revolution chimes in on the DRM issue -- see the comments as well -- and look at Prof.Picker's thoughts on the UChi Faculty Blog. He notes:

Guys [such as Steve Jobs] who sell copiers rarely are interested in things that make it hard to make copies. Jobs must recognize that the music industry is in the midst of a format transition. Music has done that before: moving from wax cylinders to LPs to CDs and now online. The music industry wants this transition to include encryption. They are stuck selling unencrypted CDs—SonyBMG’s effort to do otherwise was a smashing failure—because of the installed base of CD players, but they don’t face these backwards compatibility restrictions for online music, hence the difference in approach on encryption. I am sure that Steve Jobs gets that, but you certainly don’t see that in his post.

posted by James DeLong @ 3:23 PM | DRM & Watermarks, etc.

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