This paper assesses the economic harm to copyright owners from selected uses of home videocassette recorders. Specifically, we examine the consequences of such household behavior as the copying of prerecorded videocassettes and taping television broadcasts for permanent collections (i.e., "librarying"). Such uses have an adverse effect on the efficiency of intellectual property creation, and on the equitable distribution of monetary rewards generated by commercial exploitation of those private properties. Economic harm is described in the context of existing property rights enforcement. We also present estimates of lost monetary rewards (royalties) to copyright owners from displaced sales of prerecorded videocassettes due to such librarying. Copyright 1986 Western Economic Association International.
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