A Note on Elasticity and Price Dispersions in the Music Recording Industry

A Note on Elasticity and Price Dispersions in the Music Recording Industry The present note examines price dispersions inthe music recording industry between new release andmid-line (older) recordings. The model employs theframework developed within the industrial economicsliterature and provides empirical results suggestingthat new release prices are lower than those ofmid-level recordings. This result follows fromdiffering buyer characteristics and varying levelsof close substitutes, leading to higher demandelasticities for new release recordings. Finally,the theoretical expectations should hold in thepresence of either significant scale economies ormodest minimum efficient scales of production. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

A Note on Elasticity and Price Dispersions in the Music Recording Industry

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Kluwer Academic Publishers
Copyright © 2000 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
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