Shakespeare's Fortune: how copyright has failed authors and why it matters
A key policy rationale for the system of copyright is to give authors an incentive to create new works. But what if actual financial returns to authors were very poor — so poor that no rational agent could be expected to respond to the incentive? In this thesis I present data from a large sample of Australian films showing that returns are consistently poor even for ‘hit’ films. Data from other countries confirms the finding and there is evidence that returns from other forms of copyright...[Show more]
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