Richardson, MartinStähler, Frank2016-12-142016-12-140167-6245http://hdl.handle.net/1885/111398This 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.application/pdf© 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).Recorded musicUniform prices201610.1016/j.infoecopol.2015.12.001