Time spent on new songs: word-of-mouth and price effects on teenager consumption

Noémi Berlin, Anna Bernard () and Guillaume Fürst ()

Journal of Cultural Economics, 2015, vol. 39, issue 2, 205-218

Abstract: The stardom system characterizes creative industries: the demand and revenues are concentrated on a few bestselling books, movies or music. In this paper, we study the demand structure between bestsellers and new artists’ productions in the music industry. We set up an experiment where participants face real choice's situations. We create three treatments to isolate the effect of information and incentives on diversity. In a first treatment, music is consumed for free without information. In a second one, subjects receive a prior information on others’ evaluation of songs to study the effect of word-of-mouth. Finally, in a third one, a real market is introduced and music is bought. Significant evidence shows that word-of-mouth lowers diversity, while price incentives tend to lift it. In both treatments, subjects also react to the information or incentives nature. Copyright Springer Science+Business Media New York 2015

Keywords: Experimental economics; Cultural goods; Music industry; Stardom system; D04; C9; Z1 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10824-014-9235-0 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Time spent on New Songs: Word-of-Mouth and Price Effects on Teenager Consumption (2015)
Working Paper: Time spent on New Songs: Word of Mouth and Price Effects on Teenager Consumption (2015)
Working Paper: Time spent on New Songs: Word-of-Mouth and Price Effects on Teenager Consumption (2015)
Working Paper: Time spent on New Songs: Word-of-Mouth and Price Effects on Teenager Consumption (2015)
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:kap:jculte:v:39:y:2015:i:2:p:205-218

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10824/PS2

DOI: 10.1007/s10824-014-9235-0

Access Statistics for this article

Journal of Cultural Economics is currently edited by Federico Etro and Douglas Noonan

More articles in Journal of Cultural Economics from Springer, The Association for Cultural Economics International Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().