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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. |
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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 |
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