Copyright owners produce and distribute creative works in exchange for financial benefits as rewards. Meanwhile, users pay for the access to these works for personal enjoyment, which become the incentive to future copyright creation. Theoretically, this is an ideal circulation of copyright...

The paper demonstrates the economic consequences of a new EU directive that introduces resale rights in all member states. The lifetime income of young, unknwon artists is likely to shrink, despite the intention of the EU to increase their income. Even if the lifetime income were increasing, the...

According to a new European Union directive, artists, whose works are resold, are entitled to a share of the sales price. The principal aim of this initiative is to let the artists participate in the economic success of their work. Our analysis shows that the new directive is most likely to...