Considering the Risk Dimension in the Administration of Copyright
13 Pages Posted: 1 Sep 2008
Date Written: August, 28 2008
In the law and economics literature of copyright, the economic function of collecting societies has been principally treated as a way to diminish transaction costs. However, another possible function, the transfer of risk as a function of collective administration has been, relatively, ignored. Through risk analysis, an author will be able to determine which method of administration of protected rights is most beneficial to him. Due to information asymmetries, authors and users bear a number of risks. These risks can be transferred to a collecting society which is in a better position to bear them more efficiently and to better administer the protected rights.
Keywords: collective administration of copyright, risk
JEL Classification: D8, K
Suggested Citation: Suggested Citation