Copyright and Economic Incentives: An Application to Performers' Rights in the Music Industry
AbstractThis paper contributes to the economic analysis of copyright in three ways: first, it draws a distinction between the general purpose of copyright law and the administration of the royalty system of payment for the use of copyrighted material; this leads to the principal-agent analysis of modes of payment. Secondly, this approach is applied to a specific topic, the change in copyright law in the form of the introduction of a new property right for performers in the UK that has come about as a result of the harmonisation programme of the European Union. Finally, new data were collected to assess the likely impact this change in law would have on performers' earning using the music industry as a case study. This is novel because there has been no previous attempt to apply empirical evidence to the analysis of copyright law. The paper therefore provides a framework for evaluating changes to copyright law. Copyright 1999 by WWZ and Helbing & Lichtenhahn Verlag AG
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 52 (1999)
Issue (Month): 3 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
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- Baker, Matthew J & Cunningham, Brendan M, 2006.
"Court Decisions and Equity Markets: Estimating the Value of Copyright Protection,"
Journal of Law and Economics,
University of Chicago Press, vol. 49(2), pages 567-96, October.
- Matthew J. Baker & Brendan M. Cunningham, 2004. "Court Decisions and Equity Markets: Estimating the Value of Copyright Protection," Departmental Working Papers 4, United States Naval Academy Department of Economics.
- Henry Hansmann, . "Royalties for Artists Versus Royalties for Authors and Composers," Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy Working Paper Series yale_lepp-1023, Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy.
- Henry Hansmann & Marina Santilli, 2001. "Royalties for Artists versus Royalties for Authors and Composers," Journal of Cultural Economics, Springer, vol. 25(4), pages 259-281, November.
- B. Andersen, & Z. Kozul-Wright & R. Kozul-Wright, 2000. "Copyrights, Competition And Development: The Case Of The Music Industry," UNCTAD Discussion Papers 145, United Nations Conference on Trade and Development.
- Alireza Naghavi & GÃ¼nther Schulze, 2001. "Bootlegging in the Music Industry: A Note," European Journal of Law and Economics, Springer, vol. 12(1), pages 57-72, July.
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