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The next wave of digital technological change and the cultural industries

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  • Christian Peukert

    () (UCP - Católica Lisbon School of Business and Economics)

Abstract

Abstract In this proposal of a research agenda for cultural economics, I discuss the supply-side economics of the next wave of digital technological change. I begin by arguing that digitization and internet-enabled platforms, together with automated licensing of user-generated content, have substantially lowered the costs of individual-level cultural participation. I discuss how the dependence on advertising revenues may affect this dynamic and highlight some implications for the economics of copyright. Next, I discuss circumstances under which market data, which have become much less expensive to collect at more fine-grained levels, can trigger differentiation of cultural products. Finally, I speculate about the economic implications of artificial intelligence that complements, or perhaps substitutes for human creativity with regard to cultural participation, copyright and the industrial organization of culture.

Suggested Citation

  • Christian Peukert, 2019. "The next wave of digital technological change and the cultural industries," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(2), pages 189-210, June.
  • Handle: RePEc:kap:jculte:v:43:y:2019:i:2:d:10.1007_s10824-018-9336-2
    DOI: 10.1007/s10824-018-9336-2
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