Economic Effects of the New German Copyright Contract Law
AbstractThis paper investigates some economic effects of recent amendments to the German Copyright Law on the German film industry. The changes assume the existence of a prevailing “structural superiority” of media companies over their contractual partners in labor markets which supposedly results in “unfair” contracts. We provide an economic approach to the matter. First, we consider potential effects and the plausibility of a “structural superiority” in terms of buyer power in the German film industry. Second, we consider how the new law affects risk allocation, incentives, transaction costs, and legal certainty in the business.
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Bibliographic InfoPaper provided by EconWPA in its series Law and Economics with number 0302003.
Length: 38 pages
Date of creation: 19 Feb 2003
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German film industry; copyright law; law and economics;
Find related papers by JEL classification:
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-02-24 (All new papers)
- NEP-CUL-2003-02-24 (Cultural Economics)
- NEP-IND-2003-02-24 (Industrial Organization)
- NEP-LAW-2003-02-24 (Law & Economics)
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