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Featuring expert contributors from around the world, this book offers insight into the vital theoretical and practical aspects of the economics of copyright. Topics discussed include fair use, performers' rights, copyright and trade, online music streaming, internet piracy, copyright and visual art markets, and open source publishing. In addition to in-depth coverage of these timely topics, the authors also offer insightful predictions and policy recommendations for the future.Each of the self-contained chapters is written by a distinguished expert and is pitched at a level designed to be accessible to advanced undergraduate and postgraduate students in economics and law. As a whole, the book covers all of the topical content that a student of copyright economics should know. Teachers and lecturers will find all the required material to provide a comprehensive overview of the subject in a single volume. For scholars with a legal background, the book will also act as an effective introduction or refresher in the economic theory underlying copyright.Contributors: D.S. Banerjee, W.J. Gordon, P.J.Heald, S.J. Liebowitz, S.E. Margolis, F. Mueller-Langer, E. Rosati, S.F. Schwemer, R. Towse, M. Waldman, R. Watt
Edited by Richard Watt, Associate Professor of Economics and Finance, University of Canterbury, New Zealand
Contents: IntroductionPART I THE ECONOMIC THEORY OF COPYRIGHT1. The Basic Economic Theory of CopyrightRichard Watt2. What Limits Indirect Appropriability Michael WaldmanPART II THE LEGAL STRUCTURE OF COPYRIGHT AND THE PUBLIC DOMAIN3. The Idea/Expression Dichotomy: Friend or Foe? Eleonora Rosati4. The Fair Use Doctrine: Markets, Market Failure and Rights of UseWendy Gordon5. The Public Domain Paul J. HealdPART III LICENSING AND AUTHORS´ EARNINGS6. Licensing of Copyright Works in a Bargaining Model Richard Watt7. Fair Remuneration for Copyright Holders and the Shapley ValueRichard Watt8. Economics of Performers´ Rights Ruth Towse9. The Licensing of Online Music Streaming Services in Europe Sebastian F. SchwemerPART IV COPYRIGHT COLLECTIVES10. Copyright Collectives: Some Basic Economic Theory Richard Watt11. Collective Administration Christian HandkePART V COPYING AND COPYRIGHT PIRACY12. Copying and the Pricing of Information Goods Richard Watt13. Impacts of Internet Piracy Stan J. Liebowitz14. Law and Economics of Copyright RemediesStephen E. Margolis15. Effectiveness of Government Anti-Piracy Enforcement Policy: Commitment versus Non-Commitment Dyuti S. BanerjeePART VI OTHER ISSUES IN THE ECONOMICS OF COPYRIGHT LAW16. Copyright and Parallel Trade Frank Mueller-Langer17. Open Source and Open Access: New Paradigms in the Theory of Copyright Richard Watt18. Copyright in Visual Art Markets: Some Economic Theory Concerning Resale Royalties and Other Options Richard WattIndex
‘This book presents students and teachers with some extremely interesting analyses of copyright and economic theory from a variety of expert viewpoints and traces the linkages by which each supports the other.’