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- W2914866401 abstract "This paper provides an overview of economic approaches to the pricing of mechanical royalties for copy-protected music works. It argues that principles for such pricing can be provided usefully from principles of pricing access to essential facilities. In particular, the structure of the royalty should be such that the royalty level does not change if the business model of downstream entities (notably, digital music streaming platforms) changes (i.e., neutrality) and the level of the royalty should ensure that the copyright holders receive a return in excess of their next best alternative in reaching consumers (i.e., opportunity cost). Ways of using benchmarking to derive the relevant opportunity cost are then discussed including the use of methods inspired by economic bargaining approaches such as the Shapley Value." @default.
- W2914866401 created "2019-02-21" @default.
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- W2914866401 date "2018-12-31" @default.
- W2914866401 modified "2023-09-26" @default.
- W2914866401 title "Getting Pricing Right on Digital Music Copyright" @default.
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- W2914866401 hasPublicationYear "2018" @default.
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