Digital technology and the allocation of ownership in the music Industry
Keywords
D23L22
L23
L82
L86
ddc:330
property rights theory
copyright
internet music industry
Musikwirtschaft
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http://hdl.handle.net/10419/32585Abstract
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.Date
2009Type
doc-type:workingPaperIdentifier
oai:econstor.eu:10419/32585http://hdl.handle.net/10419/32585
ppn:614595754