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http://hdl.handle.net/10419/32585
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| Title: | | Digital technology and the allocation of ownership in the music Industry  |
| 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
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