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Do artists benefit from resale royalties? [Recurs electrònic] : an economic analysis of a new EU directive / Roland Kirstein and Dieter Schmidtchen
Descripción: 18 pRecursos en línea: Resumen: 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)| Tipo de ítem | Biblioteca actual | Colección | Signatura topográfica | Copia número | Estado | Fecha de vencimiento | Código de barras | |
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e-Artículo
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Centre d' Informació i Documentació del CERC Repositori digital | General | DIG05_0277.pdf | 1 | Disponible | 1200050277 |
Abstract -- 1. Introduction -- 2. Resale Rights and Lifetime Income -- 3. Incentive Compatible Contracting -- 4. Risk-Averse Artists -- 5. Conclusion -- Notes -- References
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