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More Rights, Less Income?: An Economic Analysis of the New Copyright Law in Germany

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  • Michael Karas
  • Roland Kirstein

Abstract

We investigate the conflict between authors and their publishers that may result from a copyright system that allows authors to transfer copyrights to an additional publisher. A two-period bargaining model analyzes effects of competition, time preferences, and bargaining power on license prices, publisher investments, and authors' lifetime incomes. We demonstrate that authors benefit from the new copyright system if new publishers continue the distribution of their orphaned works. Authors do not necessarily benefit if exclusive publishers are still exploiting licenses, because high levels of competition result in underinvestment by publishers and in internalization effects during contract negotiations.

Suggested Citation

  • Michael Karas & Roland Kirstein, 2019. "More Rights, Less Income?: An Economic Analysis of the New Copyright Law in Germany," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 175(3), pages 420-458.
    • Handle: RePEc:mhr:jinste:urn:doi:10.1628/jite-2019-0029
    DOI: 10.1628/jite-2019-0029
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    More about this item

    Keywords

    institutional regulation; copyright law; bargaining; creative industries; author-publisher relationship;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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