Edited by Trine Bille, Anna Mignosa and Ruth Towse
Chapter 28: Paying for digital music
How to ensure an adequate income for creators? This is a fundamental and challenging subject in cultural economics. The issue is particularly salient in the case of recorded music online. Virtually all students will have first-hand experience with legitimate and unauthorized ways of accessing music, so this industry makes for an engaging example. The chapter suggests a framework for teaching university students to apply reasonably advanced microeconomics and to: (1) structure their thoughts on how to encourage users to pay for digital music; (2) understand current business models in the music industry; and (3) work towards original insights and reasonable evaluations. The chapter is based on a comprehensive and general overview of methods to finance the production of quasi-public goods. It provides essential guidelines on how to cope with this inevitable subject in cultural economics, regarding the digital market for recorded music and beyond.
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