TY - BOOK N2 - Liability rules affect the incentives of intermediaries to disseminate and curate creative works, in particular when works build on the work of predecessors and they are potentially infringing copyright. In an application to the visual arts, we show that appropriation artists borrow images from different sources and incorporate them into new, derivative works of art. By doing so, they risk infringing copyright but also put commercial trade and availability of the work at litigation risk as liability can extend to intermediaries in markets (auction houses) or in public exhibitions (museums). Using a differences-in-differences model and unique data on the level of the individual art work, we empirically investigate the impact of the prominent 2013 Cariou v. Prince U.S. court decision on trade and availability in Appropriation Art. DO - 10.34667/tind.44431 DO - doi AB - Liability rules affect the incentives of intermediaries to disseminate and curate creative works, in particular when works build on the work of predecessors and they are potentially infringing copyright. In an application to the visual arts, we show that appropriation artists borrow images from different sources and incorporate them into new, derivative works of art. By doing so, they risk infringing copyright but also put commercial trade and availability of the work at litigation risk as liability can extend to intermediaries in markets (auction houses) or in public exhibitions (museums). Using a differences-in-differences model and unique data on the level of the individual art work, we empirically investigate the impact of the prominent 2013 Cariou v. Prince U.S. court decision on trade and availability in Appropriation Art. T1 - Intermediary Liability and Trade in Follow-on Innovation. AU - Cuntz, Alexander; AU - Sahli, Matthias. AU - World Intellectual Property Organization L1 - https://tind.wipo.int/record/44431/files/wipo_pub_econstat_wp_66.pdf VL - no. 66 LA - eng ID - 44431 L4 - https://tind.wipo.int/record/44431/files/wipo_pub_econstat_wp_66.pdf KW - Appropriation Art. KW - Creative Works. KW - Copyright. SN - 2957-8256 TI - Intermediary Liability and Trade in Follow-on Innovation. L2 - https://tind.wipo.int/record/44431/files/wipo_pub_econstat_wp_66.pdf LK - https://tind.wipo.int/record/44431/files/wipo_pub_econstat_wp_66.pdf UR - https://tind.wipo.int/record/44431/files/wipo_pub_econstat_wp_66.pdf ER -