Report by the chief economist for the PRS offering an economic view of how best to approach the question of whether live music will overtake the recorded sector.
Category Archives: Resources
Is the price of recorded music heading towards zero? – Will Page (2006)
The paper offers a framework to help understand the economics behind the commonly held observation that the price of recorded music is ‘heading towards zero’. This economic approach helps show us how recorded music has long lost any notion of being a ‘pure private good’ and now risks becoming a ‘pure public good’.