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Copyright and endogenous market structure: a glimpse from the journal-publishing market

Author

Listed:
  • Ramello, Giovanni B.
Abstract
This article explores the journal publishing industry in order to shed light on the overall economic consequences of copyright in markets. Since the rationale for copyright is among others to promise some market power to the holder of the successful copyrighted item, it also provides incentives to preserve and extend market power. A regular trait of copyright industries is high concentration and the creation of large catalogues of copyrights in the hands of incumbents. This outcome can be observed as the aggregation of rights and is one of the pivotal strategies for obtaining or extending market power, consistently with findings in other cases. Journal publishing is no different in this respect from other copyright industries, and in the last decade has experienced a similar trajectory, leading to a highly concentrated industry in which a handful of large firms increasingly control a substantial part of the market. It also provides a clear example of the effect of copyright dynamics on market structure, suggesting that a different attitude should be taken in lawmaking and law enforcement.

Suggested Citation

  • Ramello, Giovanni B., 2010. "Copyright and endogenous market structure: a glimpse from the journal-publishing market," POLIS Working Papers 146, Institute of Public Policy and Public Choice - POLIS.
    • Handle: RePEc:uca:ucapdv:146
    as

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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Copyright and the lack of competition in academic publishing
      by Economic Logician in Economic Logic on 2010-10-20 19:20:00
    2. Copyright: Copyrights and expanding monopolies
      by Christian Zimmermann in Against Monopoly on 2010-10-21 08:21:49

    Citations

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    Cited by:

    1. Giovanni Ramello, 2011. "Property rights and externalities: the uneasy case of knowledge," European Journal of Law and Economics, Springer, vol. 31(1), pages 123-141, February.
    2. Matteo Migheli & Giovanni B. Ramello, 2014. "Open Access Journals & Academics’ Behaviour," ICER Working Papers 03-2014, ICER - International Centre for Economic Research.
    3. Frank Mueller‐Langer & Richard Watt, 2018. "How Many More Cites Is A $3,000 Open Access Fee Buying You? Empirical Evidence From A Natural Experiment," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 931-954, April.
    4. Matteo Migheli & Giovanni Battista Ramello, 2018. "The market of academic attention," Scientometrics, Springer;Akadémiai Kiadó, vol. 114(1), pages 113-133, January.
    5. Frank Mueller-Langer & Marc Scheufen, 2013. "Academic publishing and open access," Chapters, in: Ruth Towse & Christian Handke (ed.), Handbook on the Digital Creative Economy, chapter 32, pages 365-377, Edward Elgar Publishing.
    6. Mueller-Langer, Frank & Scheufen, Marc & Waelbroeck, Patrick, 2017. "Does Online Access Promote Research in Developing Countries?," Discussion Papers in Economics 31973, University of Munich, Department of Economics.
    7. Katarina Krapež, 2022. "Advancing Self-Evaluative and Self-Regulatory Mechanisms of Scholarly Journals: Editors’ Perspectives on What Needs to Be Improved in the Editorial Process," Publications, MDPI, vol. 10(1), pages 1-18, March.
    8. Matteo Migheli & Giovanni Ramello, 2013. "Open access, social norms and publication choice," European Journal of Law and Economics, Springer, vol. 35(2), pages 149-167, April.
    9. Alexander Cuntz & Frank Mueller-Langer & Alessio Muscarnera & Prince C. Oguguo & Marc Scheufen, 2024. "Access to science and innovation in the developing world," WIPO Economic Research Working Papers 78, World Intellectual Property Organization - Economics and Statistics Division.
    10. Eberhard Feess & Marc Scheufen, 2016. "Academic copyright in the publishing game: a contest perspective," European Journal of Law and Economics, Springer, vol. 42(2), pages 263-294, October.
    11. Mueller-Langer, Frank & Scheufen, Marc & Waelbroeck, Patrick, 2020. "Does online access promote research in developing countries? Empirical evidence from article-level data," Research Policy, Elsevier, vol. 49(2).
    12. Thomas Eger & Marc Scheufen & Daniel Meierrieks, 2015. "The determinants of open access publishing: survey evidence from Germany," European Journal of Law and Economics, Springer, vol. 39(3), pages 475-503, June.
    13. Thomas Eger & Marc Scheufen, 2021. "Economic perspectives on the future of academic publishing: Introduction to the special issue," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(8), pages 1922-1932, December.

    More about this item

    Keywords

    copyright and market power; endogenous market structure; journal-publishing industry;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other

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    1. Economic Logic blog

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