On the “uniform pricing puzzle” in recorded music
Martin Richardson and Frank Stahler
This paper proposes a possible explanation for uniform pricing in the recorded music industry, based on a pooling equilibrium across different quality types.
We show that an ex ante ability to invest in the probability of success – which we identify with record companies’ artists and repertoire (A&R) expenditures – makes such a pooling equilibrium more likely.
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ARC Discovery Project (DP130103580) 2013 - 2016
International Journal of Digital Earth
European Economic Review