English, Article edition: The Music Industry in the Digital Era: Toward New Contracts Nicolas Curien; Francois Moreau

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Bookmark: http://trove.nla.gov.au/version/49801
Physical Description
  • article
Language
  • English

Edition details

Title
  • The Music Industry in the Digital Era: Toward New Contracts
Author
  • Nicolas Curien
  • Francois Moreau
Physical Description
  • article
Notes
  • Digital piracy, although negatively altering the recorded music market, has a positive impact on other segments of the music market, such as live music or ancillary goods, because it generates a positive externality benefiting those activities. Through a 2-player strategic game between a record company and an artist, this study shows that a renegotiation of music contracts could allow the internalizing of this positive externality, while being welfare-improving for both record companies and artists. This study also shows, however, that pervasive piracy is not desirable for an artist.
  • RePEc:taf:jmedec:v:22:y:2009:i:2:p:102-113
Language
  • English
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