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Korekce tří metodologických omylů ekonomie autorského práva
[Correction of Three Methodological Errors in the Economics of Authors' Rights]

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  • Hana Moravcová

Abstract

Three methodological errors in the economics of authors' rights and their consequences.Using a realistic and holistic approach, this theoretic contribution corrects three main assumptions of the economic theory of copyright and explains why they hinder the proper understanding of its role. First, authors' pieces of work are like a public good that needs the protection of copyright to overcome the free rider problem. However, a piece of work can be spread only with a medium good or service. Such a pair might not possess the properties of a public good like nonexcludability and nonrivalry. The second assumption that copyright enables authors to charge the price above marginal costs was rejected as too simplistic because the copyright affects different markets with pairs work + medium variably and moreover, it ensures for authors a non-market revenue. The complexity of copyright also explains why the third assumption that copyright can be modelled as a single index is meaningless. A new framework for optimisation behaviour of authors is offered.

Suggested Citation

  • Hana Moravcová, 2018. "Korekce tří metodologických omylů ekonomie autorského práva [Correction of Three Methodological Errors in the Economics of Authors' Rights]," Politická ekonomie, Prague University of Economics and Business, vol. 2018(3), pages 384-398.
  • Handle: RePEc:prg:jnlpol:v:2018:y:2018:i:3:id:1194:p:384-398
    DOI: 10.18267/j.polek.1194
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    References listed on IDEAS

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    1. Richard A. Posner, 2005. "Intellectual Property: The Law and Economics Approach," Journal of Economic Perspectives, American Economic Association, vol. 19(2), pages 57-73, Spring.
    2. Pollock, Rufus, 2007. "Forever Minus a Day? Some Theory and Empirics of Optimal Copyright," MPRA Paper 5024, University Library of Munich, Germany, revised 07 Aug 2007.
    3. Landes, William M & Posner, Richard A, 1989. "An Economic Analysis of Copyright Law," The Journal of Legal Studies, University of Chicago Press, vol. 18(2), pages 325-363, June.
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    More about this item

    Keywords

    authors' rights; copyright; public good; markets for protected works;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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