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Efficient contracting under the U.S. copyright termination law

Michael Karas and Roland Kirstein

International Review of Law and Economics, 2018, vol. 54, issue C, 39-48

Abstract: The American copyright act from 1976 has drawn much attention in the literature, however it has received little consideration by economists. We contribute to this literature by taking up the assumption that publishers may internalize the harm from termination decisions and illuminate the consequences for the contractual relationship between authors and publishers.

Keywords: Efficient contracting; Termination right; Copyright law; Bargaining; Author-publisher relationship (search for similar items in EconPapers)
JEL-codes: C78 K23 L82 L88 O34 Z11 (search for similar items in EconPapers)
Date: 2018
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