Local cover image
Do artists benefit from resale royalties? [Recurs electrònic] : an economic analysis of a new EU directive / Roland Kirstein and Dieter Schmidtchen
Description: 18 pOnline resources: Summary: 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 place the artists in a worse economic position. The analysis of the relation between the artist and his dealer as an incentive compatible contract leads to further objections against the new EU directive. However, the paper also illustrates under which conditions a resale royalty is, at least, an incentive compatible contract. (Font: Autor)| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|---|
e-Article
|
Centre d' Informació i Documentació del CERC Repositori digital | General | DIG05_0277.pdf | 1 | Available | 1200050277 |
Abstract -- 1. Introduction -- 2. Resale Rights and Lifetime Income -- 3. Incentive Compatible Contracting -- 4. Risk-Averse Artists -- 5. Conclusion -- Notes -- References
There are no comments on this title.
Log in to your account to post a comment.
Click on an image to view it in the image viewer