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Intellectual Property and Creative Machines

In: Entrepreneurship and Innovation Policy and the Economy, volume 4

Author

Listed:
  • Gaétan de Rassenfosse
  • Adam B. Jaffe
  • Joel Waldfogel
Abstract
The arrival of creative machines—software capable of producing human-like creative content—has triggered a series of legal challenges about intellectual property. The outcome of these legal challenges will shape the future of the creative industry in ways that could enhance or jeopardize welfare. Policymakers are already tasked with creating regulations for a post-generative AI creative industry. Economics may offer valuable insights, and this paper is our attempt to contribute to the discussion. We identify the main economic issues and propose a framework and some tools for thinking about them.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Gaétan de Rassenfosse & Adam B. Jaffe & Joel Waldfogel, 2024. "Intellectual Property and Creative Machines," NBER Chapters, in: Entrepreneurship and Innovation Policy and the Economy, volume 4, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:15004
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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