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

Source

Review of International Economics

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

Restricted until