Legal origin and intellectual property rights: an empirical study in the prerecorded music sector

This article aims at identifying differences in copyright protection in prerecorded music markets, and more specifically the impact of the legal system on the demand for original music CDs. To this end, we use a panel of 28 OECD countries in the period 1999–2005. After testing alternative specificat...

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Bibliographic Details
Published in:European journal of law and economics 2008-10, Vol.26 (2), p.153-173
Main Authors: de Montoro Pons, Juan Dios, Cuadrado García, Manuel
Format: Article
Language:English
Subjects:
Civil law
Commercial Law
Common law
Copyright
Costs
Digital technology
Economics
Economics and Finance
Enforcement
European Integration
Externality
Information goods
Intellectual property
K11
L82
Law and Economics
Music industry
Musical recordings
Phonographic industry
Piracy
Public Finance
Record labels
Recording industry
Studies
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Summary:This article aims at identifying differences in copyright protection in prerecorded music markets, and more specifically the impact of the legal system on the demand for original music CDs. To this end, we use a panel of 28 OECD countries in the period 1999–2005. After testing alternative specifications, our results show that differences in legal origin lead to differences in intellectual property rights enforcement. Our results also consistent with previous studies that find that common law countries have more secure property rights.
ISSN:0929-1261
1572-9990
1572-9346
DOI:10.1007/s10657-008-9056-8