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| Author: | Harchaouri, T. Hamdad, M. |
| Title: | The prices of classical recorded music: a hedonic approach |
| Journal: | International Journal of Industrial Organization
2000 : APR, VOL. 18:3, p. 497-514 |
| Index terms: | PRICES MUSIC ORGANIZATION |
| Language: | eng |
| Abstract: | This paper is an empirical investigation into factors that are responsible for the differences in prices of classical music and compact discs. Though primarily a statistical exercise, the current work has implications for understanding the structure, conduct and performance experienced by the classical music record industry. The major changes experienced by this industry are highlighted. The authors focus on the rapid technological changes in recording technologies, format changes, the product heterogeneity that results from the simultaneous existence of incumbent and entering models with various technological vintages, and the behavior of firms of different kinds. |
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