Copyright and the Profitability of Authorship: Evidence from Payments to Writers in the Romantic Period
AbstractProponents of stronger copyright terms have argued that stronger copyright terms encourage creativity by increasing the profitability of authorship. Empirical evidence, however, is scarce, because data on the profitability of authorship is typically not available to the public. Moreover at current copyright lengths of 70 years after the author’s death, further extensions may not have any effects on the profitability of authorship. To investigate effects of copyright at lower pre-existing levels of protection, this chapter introduces a new data set of publishers’ payments to authors of British fiction between 1800 and 1830. These data indicate that payments to authors nearly doubled following an increase in the length of copyright in 1814. These findings suggest that – starting from low pre-existing levels of protection – policies that strengthen copyright terms may, in fact, increase the profitability of authorship.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 19521.
Date of creation: Oct 2013
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Publication status: published as Megan MacGarvie, Petra Moser. "Copyright and the Profitability of Authorship: Evidence from Payments to Writers in the Romantic Period," in Shane Greenstein, Avi Goldfarb, and Catherine Tucker, editors, "Economics of Digitization" University of Chicago Press (2013)
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- Megan MacGarvie & Petra Moser, 2013. "Copyright and the Profitability of Authorship: Evidence from Payments to Writers in the Romantic Period," NBER Chapters, in: Economics of Digitization National Bureau of Economic Research, Inc.
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- N83 - Economic History - - Micro-Business History - - - Europe: Pre-1913
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-18 (All new papers)
- NEP-CUL-2013-10-18 (Cultural Economics)
- NEP-IPR-2013-10-18 (Intellectual Property Rights)
- NEP-LAW-2013-10-18 (Law & Economics)
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