Copying, superstars, and artistic creation
We provide a new perspective on the impact of unauthorized copying and copy levies on artistic creation. Our analysis emphasizes three aspects of artistic markets: the predominance of superstars, the important role of promotion expenditures, and the difficulties of talent-sorting. In the short run, piracy reduces superstars' earnings and market share and increases the number of niche and young artists. In the long run, copying can also have a positive effect on high-quality artistic creation by helping more young artists start their careers, which increases the number of highly talented artists in subsequent periods. The long-term impact of levies on copy equipment on artistic creation depends on whether their yields primarily accrue to superstars who already receive rents or are allocated to help young artists.
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Volume (Year): 22 (2010)
Issue (Month): 4 (December)
Pages: 365-378
| Handle: | RePEc:eee:iepoli:v:22:y:2010:i:4:p:365-378 |
| Contact details of provider: | Web page: http://www.elsevier.com/locate/inca/505549
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