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Rather than pay the 11 copies, would you surrender the 14 years copyright given by the Act? Rees: Yes, we would… The copyright of 14 years then
- Publisher
- Wiley
- Copyright
- © 2018 The RAND Corporation
- ISSN
- 0741-6261
- eISSN
- 1756-2171
- DOI
- 10.1111/1756-2171.12223
- Publisher site
- See Article on Publisher Site
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.
Journal
The Rand Journal of Economics – Wiley
Published: Jan 1, 2018