Abstract

https://ssrn.com/abstract=2170447
 
 

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Dead Poets’ Property - How Does Copyright Influence Price?


Xing Li


Peking University

Megan MacGarvie


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

Petra Moser


Leonard N. Stern School of Business - Department of Economics; National Bureau of Economic Research (NBER)

October 13, 2016


Abstract:     
This article exploits a differential increase in copyright length under the UK Copyright Act of 1814 - in favor of books by dead authors – to examine the effects of longer copyright terms on price. Difference-in-differences analyses, which compare changes in the price of books by dead and living authors, indicate a 50 percent increase in price in response to doubling of 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: 66

Keywords: copyright, creativity, innovation, information goods, price discrimination.

JEL Classification: O3, K00, N33


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Date posted: November 4, 2012 ; Last revised: October 15, 2016

Suggested Citation

Li, Xing and MacGarvie, Megan and Moser, Petra, Dead Poets’ Property - How Does Copyright Influence Price? (October 13, 2016). Available at SSRN: https://ssrn.com/abstract=2170447 or http://dx.doi.org/10.2139/ssrn.2170447

Contact Information

Xing Li
Peking University ( email )
Peking University
Beijing, Beijing 100871
China
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)
Leonard N. Stern School of Business - Department of Economics ( email )
269 Mercer Street
New York, NY 10003
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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