Market failure is a slippery economic term, covering instances where markets are inefficient or missing altogether, i.e. the consumer pays over the odds or cannot obtain a desirable good. Bärwolff argues convincingly that a combination of intellectual property rights and contractual licensing...

Television formats have become a major export industry for Britain and the United States (who together account for nearly two thirds of all format hours broadcast annually worldwide). Yet, there is no such thing as a television format right under copyright law. Any producer is free to develop...

A formal definition of cultural industries is developed following four distinct features of cultural goods: (a) oversupply, (b) quality uncertainty, (c) network effects and (d) demand reversal. Drawing on economic and socio-psychological notions of ‘network’, increasing returns and social...

Escalating social practices spread dynamically, as they take hold. They are selffulfilling and contagious. This article examines two central social practices, trust and corruption, which may be characterized as alternative economic lubricants. Corruption can be a considerable instrument of...

Escalating social practices spread dynamically, as they take hold. They are self fulfilling and contagious. This article examines two central social practices, trust and corruption, which may be characterized as alternative economic lubricants. Corruption can be a considerable instrument of...

In a recent paper, Prof. Steven Shavell (see Shavell, 2009) has argued strongly in favor of eliminating copyright from academic works. Based upon solid economic arguments, Shavell analyses the pros and cons of removal of copyright and in its place to have a pure open access system, in which...

We analyse optimal pricing and quality of a monopolistic journal and the optimality of open access in a two-sided model. The predominant aspect of the model that determines the quality levels at which open access is optimal is the nature of the relationship between readers and authors in a...

We study the hybrid open access (HOA) citation effect. Under HOA Pilot agreements, HOA is assigned for all articles of eligible authors. We use unique data on 208 (1,121) HOA (closed access) economics articles. We control for the quality of journals, articles and institutions and citations to...