On the “uniform pricing puzzle” in recorded music

Martin Richardson and Frank Stähler

Information Economics and Policy, 2016, vol. 34, issue C, 58-66

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’ artists and repertoire (A&R) expenditures – makes such a pooling equilibrium more likely.

Keywords: Recorded music; Uniform prices (search for similar items in EconPapers)
JEL-codes: D40 L20 L82 M21 Z11 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0167624516000032
Full text for ScienceDirect subscribers only

Related works:
Working Paper: On the uniform pricing puzzle in recorded music (2013)
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:eee:iepoli:v:34:y:2016:i:c:p:58-66

DOI: 10.1016/j.infoecopol.2015.12.001

Access Statistics for this article

Information Economics and Policy is currently edited by D. Waterman

More articles in Information Economics and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().