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来源类型Working Paper
规范类型报告
DOI10.3386/w12263
来源IDWorking 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
URLhttps://www.nber.org/papers/w12263
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569917
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Ken Hendricks,Alan Sorensen. Information Spillovers in the Market for Recorded Music. 2006.
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