{"id":6899,"date":"2019-02-06T09:00:59","date_gmt":"2019-02-06T09:00:59","guid":{"rendered":"http:\/\/microsites.bournemouth.ac.uk\/cippm\/?p=6899"},"modified":"2021-10-13T11:40:42","modified_gmt":"2021-10-13T11:40:42","slug":"economics-of-copyright-protecting-creativity-in-the-digital-single-market","status":"publish","type":"post","link":"https:\/\/microsites.bournemouth.ac.uk\/cippm\/2019\/02\/06\/economics-of-copyright-protecting-creativity-in-the-digital-single-market\/","title":{"rendered":"Economics of copyright. Protecting creativity in the Digital Single Market"},"content":{"rendered":"

Short Course – Wednesday 6 February 9:00<\/h3>\n

Executive Business Centre, Room EB 602<\/h3>\n

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<\/strong> 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.<\/p>\n

The lectures are presented in two 2-hours 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\u2019 rights, topics on which Professor Towse has published.<\/p>\n

It is recommended that participants read the two *items in advance and think about the questions for discussion. Other reading is for reference. RERCI is available online via SSRN and www.serci.org<\/p>\n

Lecture Outline and reading<\/strong><\/p>\n

9:00 – 11:00 Economic theory of copyright<\/strong><\/p>\n

Topics<\/strong>:<\/p>\n

Different economic theories utilized \u2013 micro, macro and welfare economics, transaction costs. Economics of copying\/piracy, valuing copyright. Empirical studies.<\/p>\n

Questions for discussion<\/strong>:<\/p>\n

    \n
  1. How important do you think copyright is as an incentive to create works of art, music, literature etc?<\/li>\n
  2. How important do you think copyright is as a source of income to authors and other creators?<\/li>\n
  3. Do you think the emphasis on economic objectives in discussions of copyright is appropriate?<\/li>\n<\/ol>\n

    Reading<\/strong>:<\/p>\n

    *Towse, Handke and Stepan (2008) \u2018The Economics of Copyright Law: a Stocktake of the Literature\u2019. Review of Economic Research in Copyright Issues<\/em>, 5 (1) June: pp.1-22.<\/p>\n

    Watt, Richard (ed) (2014) Handbook of Economics of Copyright A guide for teachers and students<\/em>, Cheltenham UK and Northampton MA USA: Edward Elgar Publishing, \u2018Introduction\u2019 and Chapter 1 \u2018The Basic Economic Theory of Copyright\u2019, pp.1-25.<\/p>\n

    \u00a0<\/strong><\/p>\n

    14:00 – 16:00 Application of economics to specific copyright topics in the EU Digital Single Market
    \n<\/strong><\/p>\n

    Topics<\/strong>:<\/p>\n

    Macroeconomic importance of copyright. Collecting societies (CMOs): basic economic rationale for CMOs, blanket licensing, transactional licensing. Performers\u2019 rights: is there an economic rationale?, administration of performers\u2019 rights.<\/p>\n

    Questions for discussion:<\/strong><\/p>\n

      \n
    1. What do you<\/strong> think are the main arguments for and against collective licensing?<\/li>\n
    2. How do you see the future of payment to creators and performers?<\/li>\n
    3. How do you think markets for the use of creative content will change in the next 5-10 years?<\/li>\n<\/ol>\n

      Reading<\/strong>:<\/p>\n

      Towse, Ruth (2015) \u2018Economics and economic impact of copyright\u2019, in Robert Picard and Steve Wildman International Handbook on the Economics of Media<\/em>, pp. 328-349<\/p>\n

      Handke, Christian and Towse, Ruth (2007) \u2018Economics of Copyright Collecting Societies\u2019, International Review of Intellectual Property and Competition Law<\/em>, 8\/2007 (38); 937-57.<\/p>\n

      *Towse, Ruth (2013)\u2018The Economic Effects of Digitization on the Administration of Musical Copyrights\u2019, Review of Economic Research on Copyright Issues<\/em>, 2013, vol. 10(2), pp. 55-67.<\/p>\n

      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<\/em>, Cheltenham UK and Northampton MA USA: Edward Elgar Publishing.<\/p>\n

      Towse, Ruth (2007) \u2018The Singer or the Song? Developments in Performers’ Rights from the Perspective of a Cultural Economist,\u2019 Review of Law & Economics<\/em>: Vol. 3: Iss. 3, Article 6
      \nAvailable 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<\/em>, Cheltenham UK and Northampton MA USA: Edward Elgar Publishing.<\/p>\n

      ______________________________________<\/p>\n\"\"\n","protected":false},"excerpt":{"rendered":"

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