Efficient contracting under the U.S. copyright termination law / Michael Karas/Roland Kirstein
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Discovery
1000310515
URN
urn:nbn:de:gbv:3:2-80897
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Magdeburg : Otto von Guericke University Magdeburg, Faculty of Economics and Management, September 19th, 2017
Umfang
1 Online-Ressource (26 Seiten, 0,96 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
The American copyright act from 1976 allows authors to terminate their copyright grants after a certain vesting period if these are not categorized as work made for hire. The literature suggests substantial effects on the author-publisher relationship because in negotiations publishers may internalize the harm from a termination decision. This paper illuminates the internalization problem and shows that contracts should be designed differently for terminating and non-terminating authors. The total remuneration offered by the initial publisher is strictly lower for authors who terminate. This paper also points out the limits of the copyright law under scrutiny considering additional institutional regulations and existing market norms.
Schriftenreihe
Working paper series ; no. 2017, 13 ppn:58927368X