A Promising Model for the Music Business

Alexander Dolgin ()
Additional contact information
Alexander Dolgin: Fund for Scientific Studies

Chapter Chapter 1 in The Economics of Symbolic Exchange, 2009, pp 11-67 from Springer

Abstract: Abstract In 1999, when Shawn Fanning created Napster, there was a whiff of revolution in the music sector. Exchanging music files over the Internet became much easier. Purchasers found they could buy at one-fifth of the price of buying CDs in a shop. The Rio player, which accepted compressed music, had been invented and meant you could do without discs altogether. Young people were quick to take advantage. Seventy-five per cent of the price of a sound recording on disc may consist of distribution costs. When, with the coming of the Internet, Napster, and the MP3-format, popular to this day, that became avoidable, it seemed clear that the expensive discs would be uncompetitive, and that either sales would fall or their price would drop.

Keywords: Recommender System; Adverse Selection; Collaborative Filtration; Uniform Price; Sound Recording (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:spr:sprchp:978-3-540-79883-5_1

Ordering information: This item can be ordered from
http://www.springer.com/9783540798835

DOI: 10.1007/978-3-540-79883-5_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().