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Apple CEO Steve Jobs says Apple would support an open online music marketplace if large music companies stop using digital-rights management software to prevent copying of music sold online. An economist who studies hidden costs of intellectual property rights agrees with Jobs, suggesting his challenge signals the coming end of copyright as we know it.

Steve Jobs, chief executive of Apple Computers, has issued a challenge to the music industry, saying Apple would support an open online music marketplace if the four-largest music companies would drop the use of digital-rights management software – the technology that prevents the copying of music sold online.

Jobs’ challenge, which some consider shocking, is just the latest brick to fall in the inevitable collapse of a legal wall that since 1999 has been obstructing technological progress and preventing people from enjoying more and better music at a lower price, suggests Michele Boldrin, an economist who studies the hidden costs of intellectual property right protections.

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