Arbeitspapier
Indirect network effects with two Salop circles: the example of the music industry
This paper analyses the interdependency between the market for music recordings and concert tickets, assuming that there are positive indirect network effects both from the record market to ticket sales for live performances and vice versa. Using a model with two interrelated Salop circles we show that prices in both markets are corrected down- wards when compared to the standard Salop model. Furthermore, we show that the effects of file sharing on firms' profitability and on variety are ambiguous. File sharing can increase profits through increased concert ticket demand and thereby also lead to additional market entry and additional variety.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionspapier ; No. 63
Klassifikation
Wirtschaft
Oligopoly and Other Imperfect Markets
Entertainment; Media
Cultural Economics; Economic Sociology; Economic Anthropology: General
Oligopoly and Other Imperfect Markets
Entertainment; Media
Cultural Economics; Economic Sociology; Economic Anthropology: General
Thema
Music Industry
Indirect Network Effects
Salop Model
File Sharing
Indirect Network Effects
Salop Model
File Sharing
Ereignis
Geistige Schöpfung
(wer)
Dewenter, Ralf
Haucap, Justus
Wenzel, Tobias
Haucap, Justus
Wenzel, Tobias
Ereignis
Veröffentlichung
(wer)
Technische Universität Ilmenau, Institut für Volkswirtschaftslehre
(wo)
Ilmenau
(wann)
2009
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:24 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Dewenter, Ralf
- Haucap, Justus
- Wenzel, Tobias
- Technische Universität Ilmenau, Institut für Volkswirtschaftslehre
Entstanden
- 2009
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