The paper demonstrates the economic consequences of a new EU directive that introduces resale rights in all member …, unknown artist. Thus, the EU directive seems to be driven by a desire for harmonization of European law at all costs. …

According to a new European Union directive, artists, whose works are resold, are entitled to a share of the sales … analysis shows that the new directive is most likely to place the artists in a worse economic position. The analysis of the … directive. However, the paper also illustrates under which conditions a resale royalty is, at least, an incentive compatible …