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2015
- handle: 10670/1.7r7iaa
- hal: hal-01613821
- doi: 10.1007/s10824-014-9235-0
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info:eu-repo/semantics/altIdentifier/doi/10.1007/s10824-014-9235-0
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Serious music Musical compositions Art music Musical works Classical music Western music (Western countries) Art music, Western Western art musicCiter ce document
Noémi Berlin et al., « Time spent on New Songs: Word of Mouth and Price Effects on Teenager Consumption », HAL-SHS : économie et finance, ID : 10.1007/s10824-014-9235-0
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Résumé
The stardom system characterizes creative industries: the demand and revenues are concentrated on a few bestselling books, movies or music. In this paper, we study the demand structure between bestsellers and new artists’ productions in the music industry. We set up an experiment where participants face real choice's situations. We create three treatments to isolate the effect of information and incentives on diversity. In a first treatment, music is consumed for free without information. In a second one, subjects receive a prior information on others’ evaluation of songs to study the effect of word-of-mouth. Finally, in a third one, a real market is introduced and music is bought. Significant evidence shows that word-of-mouth lowers diversity, while price incentives tend to lift it. In both treatments, subjects also react to the information or incentives nature.