- A-Z
- Jena Economic Resea...
- Volume 4
- Vertically Related ...
- Autor(in)
- Erschienen
- 23. August 2010
- Nummer des Discussion-Papers
-
2010-056
- Schlagwort(e)
-
Copyright enforcement
Indirect network effects
Music industry
Performing rights organizations
Vertical restraints
- Zusammenfsg.
-
This paper presents a theory of vertically interrelated markets of identical fixed size under implementation of positive indirect network effects. By introducing two Salop circles, a two-sided market model is provided, where intermediaries of differentiated copyrights for intellectual property, like performing rights organizations or publishers, compete as oligopsonists for owners of the intellectual property and as oligopolists for the users of their blanket licenses. We demonstrate, that an increase in competition benefits either license users or copyright owners or harms both groups. Moreover, if license users gain from an increased market entry, the owners of the intellectual property have to incur losses and vice versa.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets ; L44 - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations ; L82 - Entertainment; Media