Digital Technology and the Allocation of Ownership in the Music Industry

Maija Halonen-Akatwijuka and Tobias Regner

No 2009-096, Jena Economics Research Papers from Friedrich-Schiller-University Jena

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.

Keywords: property rights theory; copyright; internet; music industry (search for similar items in EconPapers)
JEL-codes: D23 L22 L23 L82 L86 (search for similar items in EconPapers)
Date: 2009-11-17
New Economics Papers: this item is included in nep-com, nep-cul, nep-ict, nep-ipr, nep-pr~, nep-mic and nep-tid
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Digital Technology and the Allocation of Ownership in the Music Industry (2009)
Working Paper: Digital Technology and the Allocation of Ownership in the Music Industry (2004)
Working Paper: Digital Technology And The Allocation Of Ownership In The Music Industry (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2009-096

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