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Efficient contracting under the U.S. copyright termination law

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  • Karas, Michael
  • Kirstein, Roland

Abstract

The American copyright act from 1976 has drawn much attention in the literature, however it has received little consideration by economists. We contribute to this literature by taking up the assumption that publishers may internalize the harm from termination decisions and illuminate the consequences for the contractual relationship between authors and publishers.

Suggested Citation

  • Karas, Michael & Kirstein, Roland, 2018. "Efficient contracting under the U.S. copyright termination law," International Review of Law and Economics, Elsevier, vol. 54(C), pages 39-48.
    • Handle: RePEc:eee:irlaec:v:54:y:2018:i:c:p:39-48
    DOI: 10.1016/j.irle.2017.10.003
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Efficient contracting; Termination right; Copyright law; Bargaining; Author-publisher relationship;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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