Abstract

http://ssrn.com/abstract=2170447
 
 

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Dead Poets’ Property - How Does Copyright Influence Price?


Xing Li


Stanford University - Department of Economics

Megan MacGarvie


Boston University School of Management; National Bureau of Economic Research (NBER)

Petra Moser


Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

August 9, 2014


Abstract:     
This paper exploits a differential increase in copyright under the UK Copyright Act of 1814 – in favor of books by dead authors – to examine the influence of longer copyrights on price. Difference-in-differences analyses, which compare changes in the price of books by dead and living authors, indicate a substantial increase in price in response to an extension in copyright length. By comparison, placebo regressions for books by dead authors that did not benefit from the extension indicate no differential increase. Historical evidence suggests that longer copyrights increase price by improving publishers’ ability to practice intertemporal price discrimination.

Number of Pages in PDF File: 45

Keywords: copyright, creativity, innovation, information goods, culture, intertemporal price discrimination

JEL Classification: O3, K00, N33

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Date posted: November 4, 2012 ; Last revised: August 10, 2014

Suggested Citation

Li, Xing and MacGarvie, Megan and Moser, Petra, Dead Poets’ Property - How Does Copyright Influence Price? (August 9, 2014). Available at SSRN: http://ssrn.com/abstract=2170447 or http://dx.doi.org/10.2139/ssrn.2170447

Contact Information

Xing Li
Stanford University - Department of Economics ( email )
Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
Megan MacGarvie
Boston University School of Management ( email )
595 Commonwealth Avenue
Boston, MA 02215
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Petra Moser (Contact Author)
Stanford University - Department of Economics ( email )
Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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