A Brave New World for Copyright and the First Sale Doctrine

 Freakonomics
03/22/2013 | 11:02 am

Arbitrage is defined as taking advantage of price differences between two markets. A few years agoSupap Kirtsaeng, a math major at Cornell, found that his textbooks could be purchased more cheaply in his native Thailand than in Ithaca, so he asked friends to buy the books there and ship them to him. He started selling them on eBay and soon cleared almost $40,000. Eventually a major textbook publisher, John Wiley & Sons, got wind of Kirtsaeng’s business and filed a copyright lawsuit.

That the suit involved copyright may seem odd, since Kirtsaeng wasn’t copying anything. He was just re-selling items that he’d already paid for — a time-honored way to make money in almost any economy.

http://www.freakonomics.com/2013/03/22/a-brave-new-world-for-copyright-and-the-first-sale-doctrine/

 

2 Responses to “A Brave New World for Copyright and the First Sale Doctrine”

  1. dvb-t says:

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