Two theories structure debates on socioeconomic variation in aesthetic tastes. The “distinction” hypothesis, developed in France, claims that high-status people shun popular culture. The “omnivores” hypothesis, developed in the U.S., states that high-status people like high and popular...

Some economists assert that as valuable works transition from copyrighted status and fall into the public domain they will be underexploited and their value dissipated. Others insist instead that without an owner to control their use, valuable public domain works will be overexploited or...

This paper investigates the stock market reaction to a change in investor mood following the Eurovision Song Contest—an annual international song competition and one of the most-watched non-sporting events globally. Contrary to existing literature on international competitions, we find a...

We develop a novel measure of investor sentiment based on the valence of songs that individuals listen to. We show that our measure of music sentiment captures seasonal mood swings. We further document that music sentiment is associated with a systematic pattern of mispricing correction. This...

Newcomers often have trouble being taken seriously, or even noticed in the first place. This challenge, often referred to as the “liability of newness” (Freeman et al. 1983, Stinchcombe 1965), underscores the idea that to survive and thrive, new entrants must be recognized as legitimate by...

Users and suppliers of complementary products on digital platforms routinely face several non-trivial challenges due to an overload of information and fierce competition for attention. As such, effective management and governance mechanisms facilitating network effects and value co-creation with...

Purpose of the article: How online shop atmosphere (different background music genre) affects emotional states depending on different product categories; and how the emotional states induced by website atmosphere affect satisfaction with background music, e-shop quality perception and purchase...

We test the concept of contestability in the digital music player market. The theory suggests that the threat of new entrants keeps firms' market power in check. But Baumol and others argue that pure contestable markets rarely happen in reality. The portable music player market has been...

Sound and civic engagement -- The lure of audio recording -- Newfoundlanders on record : from the 1950s to the early 1970s -- A unique music industry -- The trouble with genre -- Sonic signatures -- Past and possibilities : audio recording and/as action -- Just because you can : the RPM...

Part I. Economic, cultural and social identity -- Chapter 1. Introduction. Music, from intangible cultural heritage to the music industry -- Chapter 2. The impact of the music industry in Europe and the business models involved in its value chain -- Chapter 3. The role of public policies in...

Platforms are growing increasingly powerful, raising questions about whether their power might be exercised with bias. While bias is inherently difficult to measure, we identify a context within the music industry that is amenable to bias testing. Our approach requires ex ante platform...

Introduction -- The economics of music exports -- Music entrepreneurs and export readiness -- Networking at music industry export events -- Case study : Australia -- National case studies, export schemes and policy -- Born global? -- Appendix 1. Interview list -- Appendix 2. Australian Music...

I quantify the effects of private-network music sharing on aggregate album sales in the BitTorrent era using a panel of US sales and private-network downloads for 2,109 albums during 2008. Exogenous shocks to the network's sharing constraints address the simultaneity problem. In theory,...

The aim of this research paper is to both examine and conceptualise the concept of audio branding. Audio branding is an important part of the overall brand management concept and corporate identity. Strong brands ease the choice for customers and convey values and a certain quality promise....

A discussion on a country's development and economic growth is often related to its interconnectedness with other countries. Whereas there are several measures of countries' interconnectedness presented in the literature, few of them are asymmetric or time-varying. We propose a new, so called...

This book explores the relationships between popular music, technology, and the changing media ecosystem. More precisely, it looks at infrastructures and practices of music making and consuming primarily in the post-Napster era of digitization - with some chapters looking back on the...

This book is an economic analysis of plagiarism in music, focusing on social efficiency and questions of inequity in the revenue of authors/artists. The organisation into central chapters on the traditional literary aspect of composition and the technocratic problem of "sampling" will help...