Journal article
An economic analysis of the droit de suite
Journal of cultural economics, Vol.22(4), pp.209-226
1998
DOI: 10.1023/A:1007505016512
Abstract
The droit de suite, or resale royalty right, entitles an artist to a percentage of either the price received when her works are resold by their owners. This paper analyzes the effect of this law on the artist's production when early and late works are either substitutes or complements. By giving the artist an interest in the resale price of early works, the royalty provides a credible incentive to maintain value when later production decisions are made. Since the initial sales price capitalizes the stream of future values, the benefit of higher resale prices accrues to the artist.
Details
- Title: Subtitle
- An economic analysis of the droit de suite
- Creators
- John L. Solow - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Journal of cultural economics, Vol.22(4), pp.209-226
- DOI
- 10.1023/A:1007505016512
- ISSN
- 0885-2545
- eISSN
- 1573-6997
- Number of pages
- 18
- Language
- English
- Date published
- 1998
- Academic Unit
- Economics
- Record Identifier
- 9984963053302771
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