Featuring expert contributors from around the world, this book offers insight into the vital theoretical and practical aspects of the economics of copyright. Topics discussed include fair use, performers’ rights, copyright and trade, online music streaming, internet piracy, copyright and visual art markets, and open source publishing.

Contents: Introduction PART I THE ECONOMIC THEORY OF COPYRIGHT 1. The Basic Economic Theory of Copyright Richard Watt 2. What Limits Indirect Appropriability Michael Waldman PART II THE LEGAL STRUCTURE OF COPYRIGHT AND THE PUBLIC DOMAIN 3. The Idea/Expression Dichotomy: Friend or Foe? Eleonora Rosati 4. The Fair Use Doctrine: Markets, Market Failure and Rights of Use Wendy Gordon 5. The Public Domain Paul J. Heald PART III LICENSING AND AUTHORS´ EARNINGS 6. Licensing of Copyright Works in a Bargaining Model Richard Watt 7. Fair Remuneration for Copyright Holders and the Shapley Value Richard Watt 8. Economics of Performers´ Rights Ruth Towse 9. The Licensing of Online Music Streaming Services in Europe Sebastian F. Schwemer PART IV COPYRIGHT COLLECTIVES 10. Copyright Collectives: Some Basic Economic Theory Richard Watt 11. Collective Administration Christian Handke PART V COPYING AND COPYRIGHT PIRACY 12. Copying and the Pricing of Information Goods Richard Watt 13. Impacts of Internet Piracy Stan J. Liebowitz 14. Law and Economics of Copyright Remedies Stephen E. Margolis 15. Effectiveness of Government Anti-Piracy Enforcement Policy: Commitment versus Non-Commitment Dyuti S. Banerjee PART VI OTHER ISSUES IN THE ECONOMICS OF COPYRIGHT LAW 16. Copyright and Parallel Trade Frank Mueller-Langer 17. Open Source and Open Access: New Paradigms in the Theory of Copyright Richard Watt 18. Copyright in Visual Art Markets: Some Economic Theory Concerning Resale Royalties and Other Options Richard Watt Index