The Economics of Collective Management

Ben Depoorter & Peter S. Menell (eds.), Research Handbook on the Economics of Intellectual Property Law, Forthcoming

Vanderbilt Law Research Paper No. 18-63

21 Pages Posted: 10 Nov 2018 Last revised: 10 Dec 2018

See all articles by Daniel J. Gervais

Daniel J. Gervais

Vanderbilt University - Law School

Date Written: October 15, 2018

Abstract

This chapter begins by defining collective management (of copyright and related rights) and collective management organizations (CMOs). After briefly reviewing possible definitional characteristics, the first part of the chapters uses a functional approach to define CMOs and then explains their economic and noneconomic functions. The next part discusses key aspects of the economic analysis of collective management, namely the justification for collective management, and the valuation of licensed repertoires (or copyright works or objects of neighboring rights) and individual works within such repertoires. This includes a survey of major economic models used in this field. The second part ends with a discussion of efficiency issues related to collective management. The third and last part considers the specific aspects that arise in collective management when it is applied to online uses of copyright material.

Keywords: collective management, CMOs, copyright, efficiency, licensing, economic models

JEL Classification: K10, K20, K21, K23, L32, L33, L38, L44

Suggested Citation

Gervais, Daniel J., The Economics of Collective Management (October 15, 2018). Ben Depoorter & Peter S. Menell (eds.), Research Handbook on the Economics of Intellectual Property Law, Forthcoming; Vanderbilt Law Research Paper No. 18-63. Available at SSRN: https://ssrn.com/abstract=3266572

Daniel J. Gervais (Contact Author)

Vanderbilt University - Law School ( email )

131 21st Avenue South
Nashville, TN 37203-1181
United States
615 322 2615 (Phone)

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