Exclusive Dealing and Its Effects: The Impact of Large Music Festivals on Local Music Venues

Exclusive Dealing and Its Effects: The Impact of Large Music Festivals on Local Music Venues This paper examines how local music venues are affected by exclusive contracts used by four of the United States’ most prominent music festivals. By utilizing a unique industry and multi-year dataset, as well as variation in the use of exclusive dealing across the country determined by the location of large music festivals, this paper adds to the paucity of empirical analysis of exclusive dealing and provides new insight into an ignored sector of the music industry. Results show that exclusive contracts correlate with a decrease in the number of venues in affected cities by 7–28 % when compared to those unaffected cities, with smaller cities being disproportionately affected. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Exclusive Dealing and Its Effects: The Impact of Large Music Festivals on Local Music Venues

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Publisher
Springer US
Copyright
Copyright © 2014 by Springer Science+Business Media New York
Subject
Economics / Management Science; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-014-9428-x
Publisher site
See Article on Publisher Site

Abstract

This paper examines how local music venues are affected by exclusive contracts used by four of the United States’ most prominent music festivals. By utilizing a unique industry and multi-year dataset, as well as variation in the use of exclusive dealing across the country determined by the location of large music festivals, this paper adds to the paucity of empirical analysis of exclusive dealing and provides new insight into an ignored sector of the music industry. Results show that exclusive contracts correlate with a decrease in the number of venues in affected cities by 7–28 % when compared to those unaffected cities, with smaller cities being disproportionately affected.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Jul 24, 2014

References

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