Intellectual Property and Creative Machines

Gaétan de Rassenfosse, Adam Jaffe and Joel Waldfogel

No 32698, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: O38 (search for similar items in EconPapers)
Date: 2024-07
New Economics Papers: this item is included in nep-ain, nep-cul, nep-ipr and nep-tid
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Published as Intellectual Property and Creative Machines , Gaétan de Rassenfosse, Adam B. Jaffe, Joel Waldfogel. in Entrepreneurship and Innovation Policy and the Economy, volume 4 , Jones and Lerner. 2025

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