Collective administration of online rights in musical works: analysing the economic efficiency of the Directive 2014/26/EU
by Ana María Peréz Gómez; Maria Alejandra Echavarría Arcila
International Journal of Intellectual Property Management (IJIPM), Vol. 7, No. 3/4, 2014

Abstract: Due to technological development, the distribution and exploitation of cultural content has transcended national borders and demands an administration of copyright and related rights on a multi-territorial basis. Considering their natural monopoly, the collective management organisations (hereafter 'CMOs') are an economically efficient option to grant cross-border and cross-repertory licenses for the online digital market, not only because of the diminution of the transaction costs, but also for the transfer of risk. Nevertheless, the information asymmetries between market actors implied by such administration lead to the need of granting transparency in their relationships, to prevent the problem of moral hazard. To that effect, the Directive 2014/26/EU establishes common standards of multi-territorial licenses and a model based on the competition between European CMOs, which are unlikely to be efficient. Therefore, the implementation of a European one-stop-shop would be an economically better solution to the digital administration of copyright and related rights.

Online publication date: Wed, 22-Jul-2015

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Intellectual Property Management (IJIPM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com