Economic Analysis of Copyright: Evaluation of Efficiency and Balance in Copyright System

This paper is about to analyze the framework and the shortcomings of copyright system. Rent seeking, limiting the public area, and transaction cost are some debatable issues in this regard. Another topic of this paper is to investigate the advantages of developing copyrights. This includes improving productivity, commercialization and improving competition. One finding of this article is that generally speaking, the advantages of copyrights would outweigh the disadvantages. The trend of this research is balancing and moderating one in copyrights so it disagrees with both extremist approached. We think that balancing approach is workable and much more efficient in this area.