MCPS Economic Insight 12: Shadow Pricing P2P’s Economic Impact
30 Oct 2008
On the eve of the deadline for submissions to BERR’s P2P consultation [30.10.08], and more than a decade after file-sharing applications appeared on networks, the supply chain engaging network providers, technology developers and musical copyright owners remains broken, with few signs of self-healing.
Here, three authors representing the three disparate camps decided to ‘knock heads together’ to encourage the parties involved to knock heads as well and co-produce a solution that might satisfy all corners.
The authors converged upon the “Coase Theorem,” a now classic economic approach for considering market problems muddled with reciprocal impacts, for which Coase would later receive a Nobel Prize. What follows provides the reader with an economic framework, contextualising both the problem and the solution as a catalyst for commercial discussions.
Reproduced by kind permission of the MCPS-PRS Alliance, 2008.
This material has been prepared by Will Page at the MCPS-PRS Alliance for information purposes only and should not be relied on for any other purpose. It does not constitute the view of the Management or the Boards of MCPS, PRS or any associated company. It is provided for the information of the intended recipient only and should not be reproduced or disclosed to any other person without the consent of the MCPS-PRS Alliance PR department.
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