Legal origin and intellectual property rights: an empirical study in the prerecorded music sector |
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| Authors: | Juan Dios de Montoro Pons Manuel Cuadrado García |
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| Affiliation: | (1) Departamento de Economía Aplicada, Universitat de València, Valencia, Spain;(2) Departamento de Comercialización e Investigación de Mercados, Universitat de València, Valencia , Spain |
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| Abstract: | ![]()
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. |
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| Keywords: | Information goods Piracy Common law Civil law Phonographic industry Copyright |
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