The School is held by Professor Ruth Towse and presupposes a basic knowledge of copyright law. There are limited spaces available for external PhD or advanced LLM students (please contact Maurizio Borghi).
The aim of these lectures is to demystify economics for those specializing in copyright law. Economics has a wide remit and is used in different ways in different contexts, which can be confusing for the uninitiated. The lectures and associated discussions are intended to explain how economics is used in relation to copyright rather than explaining the economic theory itself. Students are therefore not expected to have a prior knowledge of economics.
The lectures are presented in two 3-hour sessions: session 1 deals with the range of economic concepts used in relation to copyright law; session 2 explains how economics can be applied to specific topics in copyright, namely, collecting societies and performers’ rights, topics on which Professor Towse has published.
Participants are expected to have prepared for the PhD school by reading the recommended material and thinking about the questions for discussion.
Day One – Thursday 3 March 2016, 14.00-17.00, room EB 702 (Executive Business Centre)
Session 1: Economic theory of copyright
Different economic theories utilized – micro, macro and welfare economics, transaction costs. Economics of copying/piracy, valuing copyright, economic importance of copyright. Empirical studies.
Questions for discussion:
- How important do you think copyright is as an incentive to create works of art, music, literature etc?
- How important do you think copyright is as a source of income to authors and other creators?
- Do you think the emphasis on economic objectives in discussions of copyright is appropriate?
Towse, Handke and Stepan (2008) ‘The Economics of Copyright Law: a Stocktake of the Literature’. Review of Economic Research in Copyright Issues, 5 (1) June: pp.1-22.
Watt, Richard (ed) (2014) Handbook of Economics of Copyright A guide for teachers and students, Cheltenham UK and Northampton MA USA: Edward Elgar Publishing, ‘Introduction’ and Chapter 1 ‘The Basic Economic Theory of Copyright’, pp.1-25.
Towse, Ruth (2015) ‘Economics and economic impact of copyright’, in Robert Picard and Steve Wildman International Handbook on the Economics of Media, pp. 328-349
Day two – Friday 4 March 2016, 10.00-13.00, room B 224 (Bournemouth House)
Session 2: Application of economics to specific copyright topics
Collecting societies (CMOs): basic economic rationale for CMOs, blanket licensing, transactional licensing.
Performers’ rights: is there an economic rationale? how they are managed.
Questions for discussion:
- What do you think are the main arguments for and against collective licensing?
- How do you see the future of payment to creators and performers?
- How do you think markets for the use of creative content will change in the next 5-10 years?
Handke, Christian and Towse, Ruth (2007) ‘Economics of Copyright Collecting Societies’, International Review of Intellectual Property and Competition Law, 8/2007 (38); 937-57.
Towse, Ruth (2013)‘The Economic Effects of Digitization on the Administration of Musical Copyrights’, Review of Economic Research on Copyright Issues, 2013, vol. 10(2), pp. 55-67.
Also: chapters 10 and 11 by Richard Watt and Christian Handke on collective administration in Watt, Richard (ed) (2014) Handbook of Economics of Copyright A guide for teachers and students, Cheltenham UK and Northampton MA USA: Edward Elgar Publishing.
Towse, Ruth (2007) ‘The Singer or the Song? Developments in Performers’ Rights from the Perspective of a Cultural Economist,’ Review of Law & Economics: Vol. 3: Iss. 3, Article 6
Available at: http://www.bepress.com/rle/vol3/iss3/art6. Updated as chapter 8 of Watt, Richard (ed) (2014) Handbook of Economics of Copyright A guide for teachers and students, Cheltenham UK and Northampton MA USA: Edward Elgar Publishing.
Friday 4 March 2016, 14.00-16.00 (Informal session)
Professor Towse will be available for informal Q&A including those concerning a participant’s PhD thesis or other publication. Please make an appointment with her beforehand.