Montoro-Pons and Cuadrado-García (2008)
|Montoro Pons and Cuadrado Garcia (2008)|
|Title:||Legal origin and intellectual property rights: an empirical study in the prerecorded music sector|
|Author(s):||Montoro Pons, J. D. D., Cuadrado Garcia, M.|
|Citation:||Montoro Pons, J. D., & García, M. C. (2008). Legal origin and intellectual property rights: an empirical study in the prerecorded music sector. European Journal of Law and Economics, 26(2), 153-173.|
|Key Related Studies:|
|About the Data|
|Data Description:||Data of prerecorded music sales from 28 OECD countries (comprising 90% of the global music market) and legal system comparison.|
|Data Type:||Secondary data|
|Secondary Data Sources:|
|Data Collection Methods:|
|Data Analysis Methods:|
|Cross Country Study?:||Yes|
|Government or policy study?:||No|
|Time Period(s) of Collection:||
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.
Main Results of the Study
An increase in the cost of the copies, decrease in broadband penetration, or an increase in IPR enforcement– increases demand for originals. Further, legal origin influences demand for original copies; common law countries experienced a 42% higher demand than civil law countries.
Policy Implications as Stated By Author
Stronger IPR enforcement or increase in copy cost might drive sales of originals, especially in countries with legal origins in civil law.
Coverage of Study
|Level of aggregation:||Country|
|Period of material under study:||1999-2005|