Digital Technology And The Allocation Of Ownership In The Music Industry
AbstractWe 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. (Updated from working paper 04/096)
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Bibliographic InfoPaper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2004 with number 54.
Date of creation: 17 Sep 2004
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Other versions of this item:
- 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.
- 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.
- 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.
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-09-30 (All new papers)
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