Law and economics of culture markets. Perspectives on incentives, selection, production and marketing

Jordi López Sintas


This legal, economic and social analysis of the evolution of copyright regarding cultural expressions highlights the socially constructed nature of the culture markets. The move from local to socially constructed global markets — where cultural expressions can now be consumed beyond the limits imposed by temporal and geographical distance — was made possible by technological innovation (as a necessary but insufficient condition) and by the legal configuration of cultural expressions as goods that could be bought and sold. The construction of global markets raises the problem of how to collect the royalties due from private and public reproduction. Our economic analysis of incentives to creation and access to cultural expressions suggests that the economic rights of creators should be distinguished from the financial rights of producers.

Palabras clave

law and economics of markets, music industry, social construction, copyright, Internet, business model

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