Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32585
Authors: 
Halonen-Akatwijuka, Maija
Regner, Tobias
Year of Publication: 
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

Files in This Item:
File
Size
472.64 kB





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