the economics of the popular music industry modelling from microeconomic theory and industrial organization

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The Economics Of The Popular Music Industry

Author : C. Byun
ISBN : 9781137467058
Genre : Business & Economics
File Size : 52. 44 MB
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This Palgrave Pivot uses modeling from microeconomic theory and industrial organization to demonstrate how consumers and producers have responded to major changes in the music industry. Byun examines the important role of technology in changing its structure, particularly as new methods of creating and accessing music prove to be a double-edged sword for creators and producers. An underlying theme in the project is the question of how the business of music affects creativity, and how artists continue to produce creative output in the face of business pressures, the erosion of copyright enforcement, and rampant online piracy. In addition to being a useful resource for economists interested in the music industry, this approachable Pivot is also ideal for business and music majors studying the effect of technology on their chosen fields.

Bounded Rationality And Industrial Organization

Author : Ran Spiegler
ISBN : 9780195398717
Genre : Business & Economics
File Size : 42. 97 MB
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Ît then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. Ran Spiegler analyses phenomena such as exploitative price plans in the credit market, complexity of financial products and other obfuscation practices, consumer antagonism to unexpected price increases, and the role of default options in consumer decision making. Spiegler unifies the relevant literature into three main strands: limited ability to anticipate and control future choices, limited ability to understand complex market environments, and sensitivity to reference points. Although the challenge of enriching the psychology of decision makers in economic models has been at the frontier of theoretical research in the last decade, there has been no graduate-level, theory-oriented textbook to cover developments in the last 10-15 years.

Handbook Of Game Theory And Industrial Organization Volume I

Author : Luis C. Corchón
ISBN : 9781785363283
Genre :
File Size : 26. 76 MB
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The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.

The Theory Of The Firm

Author : Daniel F. Spulber
ISBN : 9780521517386
Genre : Business & Economics
File Size : 78. 95 MB
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The Theory of the Firm presents an innovative general analysis of the economics of the firm.

The Theory Of Industrial Organization

Author : Jean Tirole
ISBN : 0262200716
Genre : Business & Economics
File Size : 88. 99 MB
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The Theory of Industrial Organization is the first primary text to treat the newindustrial organization at the advanced-undergraduate and graduate level. Rigorously analytical andfilled with exercises coded to indicate level of difficulty, it provides a unified and moderntreatment of the field with accessible models that are simplified to highlight robust economic ideaswhile working at an intuitive level.To aid students at different levels, each chapter is dividedinto a main text and supplementary section containing more advanced material. Each chapter openswith elementary models and builds on this base to incorporate current research in a coherentsynthesis.Tirole begins with a background discussion of the theory of the firm. In part I hedevelops the modern theory of monopoly, addressing single product and multi product pricing, staticand intertemporal price discrimination, quality choice, reputation, and vertical restraints.In partII, Tirole takes up strategic interaction between firms, starting with a novel treatment of theBertrand-Cournot interdependent pricing problem. He studies how capacity constraints, repeatedinteraction, product positioning, advertising, and asymmetric information affect competition ortacit collusion. He then develops topics having to do with long term competition, including barriersto entry, contestability, exit, and research and development. He concludes with a "game theoryuser's manual" and a section of review exercises.Jean Tirole is a Professor of Economics atMIT

Industrial Organization And The Digital Economy

Author : Gerhard Illing
ISBN : 9780262090414
Genre : Business & Economics
File Size : 32. 11 MB
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Theoretical and factual studies of ways that the rapidly evolving digital economy has changed the structure of different industries, focusing on the software and music industries.

The Economics Of Music

Author : Peter Tschmuck
ISBN : 1911116088
Genre :
File Size : 27. 25 MB
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This book offers a concise, rigorous presentation of the economic fundamentals of the music industry in particular and the music economy in general. It highlights the economic principles that govern the music business as an economic good protected by copyright law. The book examines the core sectors of the industry - music publishing, sound recording, the live music market, and secondary markets such as advertising and merchandising - and shows how they operate together. It includes analysis of the income streams of musicians and the wider music lobby. The impact of digitization and the economic relevance of new digital formats is given special attention - download services, streaming platforms, mobile music providers, cloud music services as well as music recognition and recommendation systems are all discussed. The book shows how a combination of established publishers (Universal, Sony/ATV, Warner/Chappell), new promoters (LiveNation), and a new generation of music providers (Apple, Google, Amazon) has created a heady mix of competing and collaborative economic models. Throw in the problem of piracy and ever-changing consumer behavior and, the author shows, we have one of the most dynamic and fascinating business sectors in the world.

Handbook Of Behavioral Industrial Organization

Author : Victor J. Tremblay
ISBN : 9781784718985
Genre :
File Size : 60. 85 MB
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The Handbook of Behavioral Industrial Organization integrates behavioral economics into industrial organization. Chapters cover concepts such as relative thinking, salience, shrouded attributes, cognitive dissonance, motivated reasoning, confirmation bias, overconfidence, status quo bias, social cooperation and identity. Additional chapters consider industry issues, such as sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral antitrust law. The Handbook features a wide array of methods (literature surveys, experimental and econometric research, and theoretical modelling), facilitating accessibility to a wide audience.

Game Theory And Economic Modelling

Author : David M. Kreps
ISBN : 9780198283812
Genre : Mathematics
File Size : 43. 40 MB
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This book examines why game theory has become such a popular tool of analysis. It investigates the deficiencies in this methodology and goes on to consider whether its popularity will fade or remain an important tool for economists. The book provides the reader with some basic concepts from noncooperative theory, and then goes on to explore the strengths, weaknesses, and future of the theory as a tool of economic modelling and analysis. All those interested in the applications of game theory to economics, from undergraduates to academics will find this study of particular value.

An Evolutionary Theory Of Economic Change

Author : Richard R. Nelson
ISBN : 0674041437
Genre : Business & Economics
File Size : 78. 7 MB
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This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

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