On the "uniform pricing puzzle" in recorded music

Martin Richardson; Frank Stähler

doi:10.1016/j.infoecopol.2015.12.001

On the "uniform pricing puzzle" in recorded music

Martin Richardson^*, Frank Stähler

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

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' artists and repertoire (A&R) expenditures - makes such a pooling equilibrium more likely.

Original language	English
Pages (from-to)	58-66
Number of pages	9
Journal	Information Economics and Policy
Volume	34
DOIs	https://doi.org/10.1016/j.infoecopol.2015.12.001
Publication status	Published - 1 Mar 2016

Access to Document

10.1016/j.infoecopol.2015.12.001

Cite this

@article{7bbaf851f62f440193784b21e2cb5ada,

title = "On the {"}uniform pricing puzzle{"} in recorded music",

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' artists and repertoire (A&R) expenditures - makes such a pooling equilibrium more likely.",

keywords = "Recorded music, Uniform prices",

author = "Martin Richardson and Frank St{\"a}hler",

note = "Publisher Copyright: {\textcopyright} 2016.",

year = "2016",

month = mar,

day = "1",

doi = "10.1016/j.infoecopol.2015.12.001",

language = "English",

volume = "34",

pages = "58--66",

journal = "Information Economics and Policy",

issn = "0167-6245",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - On the "uniform pricing puzzle" in recorded music

AU - Richardson, Martin

AU - Stähler, Frank

PY - 2016/3/1

Y1 - 2016/3/1

N2 - 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' artists and repertoire (A&R) expenditures - makes such a pooling equilibrium more likely.

AB - 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' artists and repertoire (A&R) expenditures - makes such a pooling equilibrium more likely.

KW - Recorded music

KW - Uniform prices

UR - http://www.scopus.com/inward/record.url?scp=84961285684&partnerID=8YFLogxK

U2 - 10.1016/j.infoecopol.2015.12.001

DO - 10.1016/j.infoecopol.2015.12.001

M3 - Article

SN - 0167-6245

VL - 34

SP - 58

EP - 66

JO - Information Economics and Policy

JF - Information Economics and Policy

ER -

On the "uniform pricing puzzle" in recorded music

Abstract

Access to Document

Other files and links

Fingerprint

Cite this