Contribution to Book
The Market for Copyrights: The Price Theory of Copyright CollectivesTHE ECONOMICS OF COPYRIGHT: DEVELOPMENTS IN RESEARCH AND ANALYSIS (2003)
AbstractThis paper applies a model of complementary oligopoly and anticommons pricing to the market for intellectual property rights. Our model demonstrates a surprising and interesting overlooked result: In the market for complementary goods, price coordination and monopolistic pricing do not necessarily represent inefficient equilibria, when compared to the alternative Nash equilibrium. Due to the peculiar cross-price effects in the supply of complementary goods, price coordination and monopolistic supply often constitute an improvement over the alternative equilibrium outcomes. To be precise, the welfare effects of competition and price coordination depend on the nature of the intellectual product concerned. This has significant and obvious implications for the economic analysis of copyright collectivization, as well as for antitrust regulation in this area.
- copyright collectives,
Publication DateMarch, 2003
EditorW. Gordon and R. Watt.
Citation InformationBen Depoorter and Francesco Parisi. "The Market for Copyrights: The Price Theory of Copyright Collectives" THE ECONOMICS OF COPYRIGHT: DEVELOPMENTS IN RESEARCH AND ANALYSIS (2003)
Available at: http://works.bepress.com/bendepoorter/13/