Dead poets' property—how does copyright influence price?

Abstract: Copyrights create long‐lived intellectual property in goods ranging from science, literature, and music to news, film, and software. The economic effects of copyright, however, are difficult to identify in modern settings. This article exploits an unintended differential increase in copyri...

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Publicado en:RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 1; pp. 181 - 206
Autores principales: Li, Xing, MacGarvie, Megan, Moser, Petra
Formato: Artículo
Publicado: Wiley-Blackwell Spring2018
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Dead poets' property—how does copyright influence price?
      aug:
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          Li, Xing
          MacGarvie, Megan
          Moser, Petra
        affil:
          Peking University
          Boston University
          New York University
      su:
        United Kingdom
        Copyright
        Intellectual property
        Publishing
        Confidence intervals
        Regression analysis
      sug:
        subj:
          Copyright
          Intellectual property
          Publishing
          United Kingdom
          All Other Publishers
          Other publishers
          Book Publishers
          Confidence intervals
          Regression analysis
      ab: Abstract: Copyrights create long‐lived intellectual property in goods ranging from science, literature, and music to news, film, and software. The economic effects of copyright, however, are difficult to identify in modern settings. This article exploits an unintended differential increase in copyright length under the UK Copyright Act of 1814—in favor of books by dead authors—to examine the effects of longer copyright terms on price. We find that a doubling in copyright length was associated with a substantial (roughly 50%) increase in the price of books. Additional years of copyright improved publishers' ability to practice intertemporal price discrimination.
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