Digital Technology and the Allocation of Ownership in the Music Industry
- 2009-11-17
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2009-096
- słowo kluczowe
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copyright
internet
music industry
property rights theory
- streszczenie
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We apply the property rights theory of Grossman-Hart-Moore in the music industry and study the optimal allocation of copyright between the artists who create music and the labels who promote and distribute it. Digital technology opens up a role for new intermediaries. We find that entry of online platforms occurs only if they are sufficiently more productive in distribution than the incumbent label. Furthermore, entry leads to a change in bargaining positions and it can become optimal for the copyright to be shifted from the label to the artist.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- D23 - Organizational Behavior; Transaction Costs; Property Rights ; L22 - Firm Organization and Market Structure ; L23 - Organization of Production ; L82 - Entertainment; Media ; L86 - Information and Internet Services; Computer Software
