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On the "uniform pricing puzzle" in recorded music

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Richardson, Martin; Stähler, Frank

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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.

dc.contributor.authorRichardson, Martin
dc.contributor.authorStähler, Frank
dc.date.accessioned2016-12-14T05:35:11Z
dc.date.available2016-12-14T05:35:11Z
dc.identifier.issn0167-6245
dc.identifier.urihttp://hdl.handle.net/1885/111398
dc.description.abstractThis 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.
dc.format.mimetypeapplication/pdf
dc.publisherElsevier
dc.rights© 2016 Elsevier B.V. http://www.sherpa.ac.uk/romeo/issn/0167-6245/..."Authors pre-print on any website, including arXiv and RePEC" from SHERPA/RoMEO site (as at 20/12/16).
dc.sourceInformation Economics and Policy
dc.subjectRecorded music
dc.subjectUniform prices
dc.titleOn the "uniform pricing puzzle" in recorded music
dc.typeJournal article
local.identifier.citationvolume34
dc.date.issued2016
local.publisher.urlhttp://www.elsevier.com/
local.type.statusSubmitted Version
local.contributor.affiliationRichardson, M., Research School of Economics, College of Business and Economics, The Australian National University
local.bibliographicCitation.startpage58
local.bibliographicCitation.lastpage66
local.identifier.doi10.1016/j.infoecopol.2015.12.001
dcterms.accessRightsOpen Access
dcterms.accessRightsOpen Access
CollectionsANU Research Publications

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