Faddists, enthusiasts and Canadian divas: broadcasting quotas and the supply response
Date
2015-05-01
Authors
Richardson, Martin
Wilkie, Simon
Journal Title
Journal ISSN
Volume Title
Publisher
Wiley
Abstract
This paper constructs a model of the recorded music market to investigate the consequences of local content requirements in broadcasting for the "internationalization" of domestic music. It models the entry decisions of bands, the contracting decisions of record companies, the airplay decisions of radio stations and the radio listening and recording purchasing decisions of consumers. The paper shows that a local content quota leads, perversely, to the increased internationalization of domestic music. A quota that also requires increased broadcasting of "new" music yields an additional welfare loss but does nothing to a record company's incentives to sign up new bands.
Description
Keywords
globalization, management, modeling, music, quota system, welfare economics
Citation
Collections
Source
Review of International Economics
Type
Journal article