@article{42039,
      recid = {42039},
      author = {Guerra-Pujol, F. E.},
      title = {Of Coase and Copyrights : The Law and Economics of  Literary Fan Art},
      pages = {11 pages},
      abstract = {This paper explores the law and economics of “literary fan  art,” i.e. unauthorized derivative works by third parties  that are based on someone else's literary work product.  What is the legal status of such fan art? Because copyright  laws extend to derivative works, the legal question boils  down to this: when does fan art constitute “fair use”?  Literary fan art thus poses a difficult puzzle: how far  should property rights extend in the domain of literature?  This paper is this organized as follows. To motivate the  paper, Part I presents some notable examples of  contemporary literary fan art inspired by Ernest  Hemingway’s classic novella "The Old Man and the Sea." Part  II then restates the legal puzzle this paper will attempt  to solve. Next, Part III shows why the traditional fair use  standard is utterly unhelpful in solving the fan art  puzzle, while Part IV will sketch an alternative Coasean  solution. Part V concludes with two cheers for fan art.},
      url = {http://tind.wipo.int/record/42039},
}