全球智库信息集成服务系统(G2TT): Information Spillovers in the Market for Recorded Music

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w12263
来源ID	Working Paper 12263
	Information Spillovers in the Market for Recorded Music
	Ken Hendricks; Alan Sorensen
发表日期	2006-05-29
出版年	2006
语种	英语
摘要	This paper studies the role of consumer learning in the demand for recorded music by examining the impact of an artist%u2019s new album on sales of past and future albums. Using detailed album sales data for a sample of 355 artists, we show that the release of a new album increases sales of old albums, and the increase is substantial and permanent%u2014especially if the new release is a hit. Various patterns in the data suggest the source of the spillover is information: a new release causes some uninformed consumers to learn about their preferences for the artist%u2019s past albums. These information spillovers suggest that the high concentration of success across artists may partly result from a lack of information, and they have significant implications for investment and the structure of contracts between artists and record labels.
主题	Microeconomics ; Economics of Information ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies
URL	https://www.nber.org/papers/w12263
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/569917
推荐引用方式 GB/T 7714	Ken Hendricks,Alan Sorensen. Information Spillovers in the Market for Recorded Music. 2006.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w12263.pdf（209KB）	智库出版物		限制开放	CC BY-NC-SA	浏览