Copyright and Economic Theory : Friends or Foes? Book

	Preface
1	Introduction	1
1.1	Some basic definitions and terminology	3
1.2	The simple economics of copyright	11
1.3	Economics and the law	15
1.4	A very short history of the origins of copyright	17
1.5	Focus and structure of the book	21
2	The Economics of Copyright Piracy	24
2.1	Three closely related areas	26
2.2	The economic theory of copying	30
2.3	The economic value of the costs of piracy	33
2.4	An economic model of copyright piracy: the perfect substitute case	37
2.5	Self-protection strategies	54
2.6	When can piracy be favourable?	58
3	The Royalty Contract	71
3.1	The optimal linear royalty	74
3.2	Non-linear royalty contracts and risk sharing	85
4	Unresolved Issues in Copyright Law	108
4.1	Copyright law and social optimality: an introduction	111
4.2	Should copyright law exist? The early literature	113
4.3	Formal economic models of optimal copyright law	123
4.4	Other aspects of copyright law	132
5	An equilibrium Analysis of Copyright Law	138
5.1	Optimal copyright law in the piracy model	139
6	Copyright Collectives	161
6.1	Introductory concepts	162
6.2	Copyright collectives as monopolies	166
6.3	Competition among collectives	177
6.4	Regulation of copyright collectives	190
7	Shake Hands and Make Up	200
	Index	205