NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Dead Poet's Property - How Does Copyright Influence Price?

Xing Li, Megan MacGarvie, Petra Moser

NBER Working Paper No. 21522
Issued in September 2015
NBER Program(s):Development of the American Economy, Industrial Organization, Productivity, Innovation, and Entrepreneurship

This article 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.

download in pdf format
   (730 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w21522

Users who downloaded this paper also downloaded* these:
MacGarvie and Moser w19521 Copyright and the Profitability of Authorship: Evidence from Payments to Writers in the Romantic Period
Einav, Farronato, and Levin w21496 Peer-to-Peer Markets
Coşar, Grieco, Li, and Tintelnot w21583 What Drives Home Market Advantage?
Nordhaus w21547 Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth
Luo and Mortimer w22082 Copyright Enforcement: Evidence from Two Field Experiments
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us