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Have We Misunderstood Copyright?

delete2026-01-01
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PRE
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S
Stan J. Liebowitz *
DOI:10.1111/jems.70022delete
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Abstract

Abstract

En 中文
This paper uses a quasi-experimental design, a unique dataset of physical books, and a sample of vintage former bestsellers to examine copyright's impact on price, sales, and availability in the book market. We find that copyright increases sales, raises price, especially for top-selling titles, and increases the number of old titles being sold in the market. These findings challenge the traditional access/incentive tradeoff and the view that society benefits when titles enter the public domain. Policy implications include reconsideration of uniform copyright terms and exploration of renewal-based systems that allow rights holders to self-select into extended protection.
Keywords:
MARKET

Journal

J
JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY
IF:
1.4
Papers:
24
Citations:
0

Organization

U
university of texas system
Scholars:
18.5W
Papers: 15.6W
Citations: 210