Fair use is often criticized as unpredictable and doctrinally incoherent - a conclusion which necessarily implies that the copyright system is fundamentally broken. This article confronts that critique by systematically assessing the predictability of fair use outcomes in litigation....

The momentum effect of assets of various classes has been known and presented in the literature for a long time. However, there is no work confirming the existence of a similar effect on intellectual assets. The reason for this lies in a different mechanism for the trade turnover of such assets....