Paying for digital music
Christian Handke
Chapter 28 in Teaching Cultural Economics, 2020, pp 214-219 from Edward Elgar Publishing
Abstract:
How to ensure an adequate income for creators? This is a fundamental and challenging subject in cultural economics. The issue is particularly salient in the case of recorded music online. Virtually all students will have first-hand experience with legitimate and unauthorized ways of accessing music, so this industry makes for an engaging example. The chapter suggests a framework for teaching university students to apply reasonably advanced microeconomics and to: (1) structure their thoughts on how to encourage users to pay for digital music; (2) understand current business models in the music industry; and (3) work towards original insights and reasonable evaluations. The chapter is based on a comprehensive and general overview of methods to finance the production of quasi-public goods. It provides essential guidelines on how to cope with this inevitable subject in cultural economics, regarding the digital market for recorded music and beyond.
Keywords: Economics and Finance; Teaching Methods (search for similar items in EconPapers)
Date: 2020
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