EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/32585
  
Title:Digital technology and the allocation of ownership in the music Industry PDF Logo
Authors:Halonen-Akatwijuka, Maija
Regner, Tobias
Issue Date:2009
Series/Report no.:Jena economic research papers 2009,096
Abstract:We 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.
Subjects:property rights theory
copyright
internet music industry
JEL:D23
L22
L23
L82
L86
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

Files in This Item:
File Description SizeFormat
614595754.pdf472.64 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/32585

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.