Study Shows How Notice-And-Takedown Reduces Transaction Costs In Making Works Legally Available

<http://www.techdirt.com/articles/20140415/07343426918/study-shows-how-notice-and-takedown-reduces-transaction-costs-making-works-legally-available.shtml>

"Heald's research looks at music on YouTube and concludes that the
notice-and-takedown system has actually enabled much greater authorized
availability of music, by reducing transaction costs."

An excellent point about the transaction costs of authorisation.  This
is why Creative Commons, Magnatune's licencing, transcopyright and other
forms of pre-authorisation all provide significant increased value.

Share and enjoy,
                *** Xanni ***
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mailto:xanni@xanadu.net                   Andrew Pam
http://www.xanadu.com.au/                 Chief Scientist, Xanadu
http://www.glasswings.com.au/             Partner, Glass Wings
http://www.sericyb.com.au/                Manager, Serious Cybernetics