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Application of Multivariate Statistical Analysis for Valuation of Copyrights in the Hotel Industry

Author

Listed:
  • Paweł Kossecki

    (Polish National School of Film Television and Theater)

  • Stefan Kossecki

    (Kossecki Tax Planning)

Abstract

The aim of this work was to identify comparable markets for the hotel industry in Europe and to compare the fees incurred by hotels for using copyrighted and indirect rights for copyright management organizations. The study covers 21 European countries. Using multivariate statistical analysis methods, these countries were grouped, taking into account gross domestic product per capita and the average daily rate for a hotel room. A detailed comparison of the fees that hotels pay for using music and audiovisual works was conducted for the Central and Eastern European countries characterized by the lowest income and hotel prices. The analysis identified wide variation in the methods for calculating fees, fee amounts, and the relationship to hotel revenues among the various countries.

Suggested Citation

  • Paweł Kossecki & Stefan Kossecki, 2020. "Application of Multivariate Statistical Analysis for Valuation of Copyrights in the Hotel Industry," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 26(1), pages 103-117, February.
    • Handle: RePEc:kap:iaecre:v:26:y:2020:i:1:d:10.1007_s11294-020-09773-5
    DOI: 10.1007/s11294-020-09773-5
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    More about this item

    Keywords

    Valuation; Copyrights; Collecting societies; Copyright management organizations; Intangible assets; Hotels;
    All these keywords.

    JEL classification:

    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K - Law and Economics
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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