On the uniform pricing puzzle in recorded music
AbstractThis paper proposes a possible explanation for uniform pricing in the recorded music industry, based on a pooling equilibrium across different quality types. We show that an ex ante ability to invest in the probability of success - which we identify with record companies' A&R expenditures - makes such a pooling equilibrium more likely.
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 InfoPaper provided by Australian National University, College of Business and Economics, School of Economics in its series ANU Working Papers in Economics and Econometrics with number 2013-612.
Length: 19 Pages
Date of creation: Jun 2013
Date of revision:
Find related papers by JEL classification:
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.