The Economic Consequences of Droit De Suite in the European Union
AbstractIn the EU the author of an original artwork enjoys 'Droit de suite', a right to an economic interest in successive commercial sales of that work. This is intended to insure that artists benefit from successive 'exploitations' of their artwork. The ensuring royalty is a percentage of the sale price. It is argued that it worsens the position of contemporary artists, but dimishes trade in the tertiary art market, is detrimental to their position on the international art market for those states introducing it and is severely anti-redistributive. It dimishes purchaser's property rights, reducing the price of artworks. This most severely affects early career artists who value the ensuing marginal decreases in income most highly, but whose work has not yet reached the secondary market.
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Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 35 (2005)
Issue (Month): 1-2 (March/September)
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Web page: http://www.journals.elsevier.com/economic-analysis-and-policy/
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Art; Artist; Art;
Other versions of this item:
- Victor Ginsburgh, 2007. "The economic consequences of droit de suite in the European Union," ULB Institutional Repository 2013/13404, ULB -- Universite Libre de Bruxelles.
- Victor Ginsburgh, . "The economic consequences of droit de suite in the European Union," ULB Institutional Repository 2013/5271, ULB -- Universite Libre de Bruxelles.
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Victor Ginsburgh & ISRAEL Zang, 2005. "Droit de suite: an economic viewpoint," ULB Institutional Repository 2013/152106, ULB -- Universite Libre de Bruxelles.
- Ruth Towse, 2008. "Why has cultural economics ignored copyright?," Journal of Cultural Economics, Springer, vol. 32(4), pages 243-259, December.
- Chanont Banternghansa & Kathryn Graddy, 2011.
"The impact of the Droit de Suite in the UK: an empirical analysis,"
Journal of Cultural Economics,
Springer, vol. 35(2), pages 81-100, May.
- Banternghansa, Chanont & Graddy, Kathryn, 2009. "The Impact of the Droit de Suite in the UK: An Empirical Analysis," CEPR Discussion Papers 7136, C.E.P.R. Discussion Papers.
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