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
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Citations: View citations in EconPapers (1)
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Related works:
Journal Article: On the “uniform pricing puzzle” in recorded music (2016) 
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Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2013-612
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