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Research-based policy analysis and commentary

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piracy

MUSIC AND THE MUSIC INDUSTRY: A SAD-ONOMICS APPROACH

Samuel Cameron

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The economic analysis of music is at a crossroad. Digital innovations undermine the concepts of production deeply embedded in economics textbooks. Do we need a new production function? Can this be the SAD (serendipity, authenticity and drugs) production function extended to allow for the creation of value in the consumers’ subjective perceptions?

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WHAT IS COPYRIGHT GOOD FOR?

By Ruth Towse

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What are the relative roles of copyright law and market forces, especially when they are altered by disruptive technologies? The paper takes an historical approach to the development of music publishing viewed through the lens of present day issues, in particular the impact of digitisation in the creative industries.

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