Contracts Between Art and Commerce
AbstractContract structures used in the arts and entertainment industries are central to understanding their economic organization. The structures spring from common bedrock traits of these industries--pervasive product differentiation, all costs sunk, consumers' valuations unpredictable, artists having tastes for how creative work is done. Joint-venture structures are common, with revenue (not profit) shared. Advances to artists help bring incentive and distributive goals into consistency, as do long-term contracts covering successive cycles of the artist's output. Real option contracts allow the efficient allocation of decision rights in a project on which collaborators work successively.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by American Economic Association in its journal Journal of Economic Perspectives.
Volume (Year): 17 (2003)
Issue (Month): 2 (Spring)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Luis Antonio Palma M. & Luis Fernando Aguado Q., 2010. "Economía de la cultura. Una nueva área de especialización de la economía," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 12(22), pages 129-165, January-J.
- Maija Halonen-Akatwijuka & Tobias Regner, 2009.
"Digital Technology and the Allocation of Ownership in the Music Industry,"
The Centre for Market and Public Organisation
09/228, Department of Economics, University of Bristol, UK.
- Tobias Regner & Maija Halonen-Akatwijuka, 2004. "Digital Technology And The Allocation Of Ownership In The Music Industry," Royal Economic Society Annual Conference 2004 54, Royal Economic Society.
- Maija Halonen-Akatwijuka & Tobias Regner, 2009. "Digital Technology and the Allocation of Ownership in the Music Industry," Jena Economic Research Papers 2009-096, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Maija Halonen-Akatwijuka & Toby Regner, 2004. "Digital Technology and the Allocation of Ownership in the Music Industry," The Centre for Market and Public Organisation 04/096, Department of Economics, University of Bristol, UK.
- Gayer, Amit & Shy, Oz, 2006. "Publishers, artists, and copyright enforcement," Information Economics and Policy, Elsevier, vol. 18(4), pages 374-384, November.
- Sällström Matthews, S.E., 2007. "Practice Makes Perfect: On Professional Standards," Cambridge Working Papers in Economics 0728, Faculty of Economics, University of Cambridge.
- Beck, Jonathan, 2009.
17404, University Library of Munich, Germany.
- Beck, Jonathan, 2008. "Diderot´s rule," Discussion Papers, Research Unit: Competition and Innovation SP II 2008-13, Social Science Research Center Berlin (WZB).
- Andersen, Kristina Vaarst, 2013. "The problem of embeddedness revisited: Collaboration and market types," Research Policy, Elsevier, vol. 42(1), pages 139-148.
- Alessandro Bonatti & Johannes Horner, 2011. "Career Concerns and Market Structure," Cowles Foundation Discussion Papers 1831R, Cowles Foundation for Research in Economics, Yale University, revised Oct 2013.
- Sällström, Susanna, 2007. "Practice Makes Perfect: On Professional Standards," CEPR Discussion Papers 6377, C.E.P.R. Discussion Papers.
- Kim Jin-Hyuk, 2007.
"Strategic Use of Copyright Protection to Deter Entry,"
The B.E. Journal of Economic Analysis & Policy,
De Gruyter, vol. 7(1), pages 1-19, September.
- Kim, Jin-Hyuk, 2007. "Strategic Use of Copyright Protection to Deter Entry," MPRA Paper 51397, University Library of Munich, Germany.
- Alexander S. Gorbenko & Andrey Malenko, 2011. "Competition among Sellers in Securities Auctions," American Economic Review, American Economic Association, vol. 101(5), pages 1806-41, August.
- Pierre-Alexandre Balland & Mathijs de Vaan & Ron Boschma, 2011.
"The Dynamics of Interfirm Networks along the Industry Life Cycle: The Case of the Global Video Games Industry 1987-2007,"
Papers in Evolutionary Economic Geography (PEEG)
1114, Utrecht University, Section of Economic Geography, revised Aug 2011.
- Pierre-Alexandre Balland & Mathijs De Vaan & Ron Boschma, 2013. "The dynamics of interfirm networks along the industry life cycle: The case of the global video game industry, 1987--2007," Journal of Economic Geography, Oxford University Press, vol. 13(5), pages 741-765, September.
- Su-Hyun Berg & Robert Hassink, 2013. "Creative industries from an evolutionary perspective: A critical literature review," Papers in Evolutionary Economic Geography (PEEG) 1306, Utrecht University, Section of Economic Geography, revised Apr 2013.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros) or (Michael P. Albert).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.