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Machine generated contents note: Part I. General Issues in Cultural Economics: 1. Introduction to cultural economics; 2. Economic profile of the cultural sector; 3. Economic organisation of markets in the creative industries; 4. The digital creative economy; 5. Production, costs and supply of cultural goods; 6. Consumption, participation and demand for cultural goods and services; 7. Welfare economics and public finance; Part II. The 'Traditional' Arts and Heritage: 8. Economics of the performing arts; 9. Economics of museums and heritage; 10. Economics of festivals, cities of culture, creative cities and cultural tourism; 11. Economic evaluation cultural policy; Part III. Artists' Labour Markets and Copyright: 12. Economics of artists' labour markets; 13. Economics of copyright; Part IV. The Creative Industries: 14. Economics of creative industries; 15. Economics of the music industry; 16. Economics of the film industry; 17. Economics of videogames; 18. Economics of broadcasting; 19. Economics of book publishing; Part V. Conclusion: 20. Conclusion.

'. . . this is a fascinating and enlightening piece of work. At a time when copyright law, business models in the cultural industry and cultural policy are all under pressure and greatly affected by technological change, this is a valuable and challenging work that deserves to be widely read.' - Helen Dakin, Copyright Reporter '. . . well written, clear and informative. It contains many references that demonstrate the deep knowledge of the field that the author has acquired through her own research and her remarkable work at the head of the Journal of Cultural Economics. She especially pro

The European Commission proposal to harmonize fair remuneration in Member States in EC 'on copyright in the Digital Single Market' COM(2016) 593 final) included the proposal to harmonise a right to contract reversion. Fair remuneration is an ambiguous concept for economists: some EC documents imply the policy is required for efficiency purposes, in others purely for equity reasons. Copyright to an extent attempts to deal with both and also at times confuses the two. This article tries to disentangle these issues. Research commissioned by the European Union (EU) prior to the proposal concentrated on the legal aspects rather than on the impact on markets. It would have benefitted from recent work in law and economics and in economics on reversionary rights as well as to a well-established body of research in cultural economics on labour markets of authors and performers in the cultural and media industries. That work shows both the variety of influences on motivation, incentives and contracts for creators, as well as exposing the difficulties of empirical research in this area. The article discusses work that has been done in economics dealing with copyright contracts and with reversion and considers the contribution studies on labour markets in the creative industries could make to the policy proposals on fair remuneration for creators and performers.

The European Commission proposal to harmonize fair remuneration in Member States in EC "on copyright in the Digital Single Market" included the proposal to harmonize a right to contract reversion. Fair remuneration is an ambiguous concept for economists: some EC documents imply the policy is required for efficiency purposes, and in others, purely for equity reasons. Copyright to an extent attempts to deal with both and also at times confuses the two. This article tries to disentangle these issues. Research commissioned by the European Union (the "EU") prior to the proposal concentrated on the legal aspects rather than on the impact on markets. It would have benefitted from recent work in law and economics and in economics on reversionary rights as well as to a well-established body of research in cultural economics on labour markets of authors and performers in the cultural and media industries. That work shows both the variety of influences on motivation, incentives and contracts for creators, as well as exposing the difficulties of empirical research in this area. The article discusses work that has been done in economics dealing with copyright contracts and with reversion and considers the contribution studies on labour markets in the creative industries could make to the policy proposals on fair remuneration for creators and performers.