On the uniform pricing puzzle in recorded music

Martin Richardson and Frank Stähler

ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics

Abstract: This paper proposes a possible explanation for uniform pricing in the recorded music industry, based on a pooling equilibrium across different quality types. We show that an ex ante ability to invest in the probability of success - which we identify with record companies' A&R expenditures - makes such a pooling equilibrium more likely.

JEL-codes: D40 L20 L82 M21 Z11 (search for similar items in EconPapers)
Pages: 19 Pages
Date: 2013-06
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cbe.anu.edu.au/researchpapers/econ/wp612.pdf (application/pdf)

Related works:
Journal Article: On the “uniform pricing puzzle” in recorded music (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2013-612

Access Statistics for this paper

More papers in ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().