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Copyright and endogenous market structure: a glimpse from the journal-publishing market

Author

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  • Ramello, Giovanni B.

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Abstract

This article explores the journal publishing industry in order to shed light on the overall economic consequences of copyright in markets. Since the rationale for copyright is among others to promise some market power to the holder of the successful copyrighted item, it also provides incentives to preserve and extend market power. A regular trait of copyright industries is high concentration and the creation of large catalogues of copyrights in the hands of incumbents. This outcome can be observed as the aggregation of rights and is one of the pivotal strategies for obtaining or extending market power, consistently with findings in other cases. Journal publishing is no different in this respect from other copyright industries, and in the last decade has experienced a similar trajectory, leading to a highly concentrated industry in which a handful of large firms increasingly control a substantial part of the market. It also provides a clear example of the effect of copyright dynamics on market structure, suggesting that a different attitude should be taken in lawmaking and law enforcement.

Suggested Citation

  • Ramello, Giovanni B., 2010. "Copyright and endogenous market structure: a glimpse from the journal-publishing market," POLIS Working Papers 146, Institute of Public Policy and Public Choice - POLIS.
  • Handle: RePEc:uca:ucapdv:146
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    File URL: http://polis.unipmn.it/pubbl/RePEc/uca/ucapdv/ramello169.pdf
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Copyright and the lack of competition in academic publishing
      by Economic Logician in Economic Logic on 2010-10-20 19:20:00
    2. Copyright: Copyrights and expanding monopolies
      by Christian Zimmermann in Against Monopoly on 2010-10-21 08:21:49

    Citations

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    Cited by:

    1. repec:bla:ecinqu:v:56:y:2018:i:2:p:931-954 is not listed on IDEAS
    2. Thomas Eger & Marc Scheufen & Daniel Meierrieks, 2015. "The determinants of open access publishing: survey evidence from Germany," European Journal of Law and Economics, Springer, vol. 39(3), pages 475-503, June.
    3. Migheli, Matteo & Ramello, Giovanni B., 2014. "Open Access Journals & Academics' Behaviour," IEL Working Papers 18, Institute of Public Policy and Public Choice - POLIS.
    4. Frank Mueller-Langer & Marc Scheufen & Patrick Waelbroeck, 2018. "Does Online Access Promote Research in Developing Countries? Empirical Evidence from Article-Level Data," JRC Working Papers on Digital Economy 2018-05, Joint Research Centre (Seville site).
    5. repec:spr:scient:v:114:y:2018:i:1:d:10.1007_s11192-017-2564-y is not listed on IDEAS
    6. Giovanni Ramello, 2011. "Property rights and externalities: the uneasy case of knowledge," European Journal of Law and Economics, Springer, vol. 31(1), pages 123-141, February.
    7. Mueller-Langer, Frank & Scheufen, Marc & Waelbroeck, Patrick, 2017. "Does Online Access Promote Research in Developing Countries?," Discussion Papers in Economics 31973, University of Munich, Department of Economics.
    8. Frank Mueller-Langer & Marc Scheufen, 2013. "Academic publishing and open access," Chapters,in: Handbook on the Digital Creative Economy, chapter 32, pages 365-377 Edward Elgar Publishing.
    9. Matteo Migheli & Giovanni Ramello, 2013. "Open access, social norms and publication choice," European Journal of Law and Economics, Springer, vol. 35(2), pages 149-167, April.
    10. Eberhard Feess & Marc Scheufen, 2016. "Academic copyright in the publishing game: a contest perspective," European Journal of Law and Economics, Springer, vol. 42(2), pages 263-294, October.

    More about this item

    Keywords

    copyright and market power; endogenous market structure; journal-publishing industry;

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other

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