Property Rights and the Efficient Exploitation of Copyrighted Works: An Empirical Analysis of Public Domain and Copyrighted Fiction Best Sellers

@article{Heald2007PropertyRA,
  title={Property Rights and the Efficient Exploitation of Copyrighted Works: An Empirical Analysis of Public Domain and Copyrighted Fiction Best Sellers},
  author={Paul J. Heald},
  journal={Law \& Economics},
  year={2007}
}
  • P. Heald
  • Published 9 January 2007
  • Economics
  • Law & Economics
Economists and policymakers have recently defended the extension of copyright protection to assure the efficient exploitation of existing works. They assert that works in the public domain may be under-exploited due to the lack of property rights or over-exploited due to congestion externalities. This study compares the availability, number of editions, and prices of 166 public domain bestsellers published from 1913-1922 with 168 copyrighted bestsellers from 1923-1932. It also compares the 20… 

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