Copyright Licensing Under Asymmetric Information
26 Pages Posted: 12 Mar 2015
Date Written: December 31, 2004
In this paper we aim to contribute to the discussion on the role of royalties in copyright agreements by concentrating on the incentives that they provide to the creator and the intermediary when the success of the work depends on their involvement with the commercialization process. We also consider the effect of this moral hazard on the matching among creators and intermediaries and their gains.
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