This paper contributes to the economic analysis of copyright in three ways: first, it draws a distinction between the general purpose of copyright law and the administration of the royalty system of payment for the use of copyrighted material; this leads to the principal-agent analysis of modes...

The starting point of this article is the paradigm shift in cultural policy from the arts to the broader view of the creative industries that has taken place in many countries, in the European Union and in UN agencies. The emphasis on creative industries as a source of economic growth has...