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- Publisher Website: 10.3182/20130619-3-RU-3018.00398
- Scopus: eid_2-s2.0-84884322771
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Conference Paper: Pricing equilibrium model in digital music market
Title | Pricing equilibrium model in digital music market |
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Authors | |
Keywords | Decision-support Digital music Piracy Pricing equilibrium Sampling Self-selection |
Issue Date | 2013 |
Publisher | International Federation of Automatic Control. |
Citation | The 7th IFAC Conference on Manufacturing Modelling, Management, and Control (MIM 2013), Saint Petersburg, Russian Federation, 19-21 June 2013. In IFAC Proceedings, 2013, v. 7 pt. 1, p. 162-167 How to Cite? |
Abstract | Given the degrees of freedom on the internet and the ease of obtaining perfect replicates of digital music files, internet piracy of digital music is a serious free-riding problem that has become a social phenomenon. We argue that using the pirated digital music as a promotional tool could be beneficial to the record labels by increasing consumers' brand premium value. In this paper, we present the preliminary design of a self-selection model on optimal pricing of digital music. The model provides strategies to the recording industry to effectively price its products with the co-existence of piracy. © IFAC. |
Persistent Identifier | http://hdl.handle.net/10722/189933 |
ISBN |
DC Field | Value | Language |
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dc.contributor.author | Ko, TH | en_US |
dc.contributor.author | Lau, H | en_US |
dc.date.accessioned | 2013-09-17T15:03:08Z | - |
dc.date.available | 2013-09-17T15:03:08Z | - |
dc.date.issued | 2013 | en_US |
dc.identifier.citation | The 7th IFAC Conference on Manufacturing Modelling, Management, and Control (MIM 2013), Saint Petersburg, Russian Federation, 19-21 June 2013. In IFAC Proceedings, 2013, v. 7 pt. 1, p. 162-167 | en_US |
dc.identifier.isbn | 978-390282335-9 | - |
dc.identifier.uri | http://hdl.handle.net/10722/189933 | - |
dc.description.abstract | Given the degrees of freedom on the internet and the ease of obtaining perfect replicates of digital music files, internet piracy of digital music is a serious free-riding problem that has become a social phenomenon. We argue that using the pirated digital music as a promotional tool could be beneficial to the record labels by increasing consumers' brand premium value. In this paper, we present the preliminary design of a self-selection model on optimal pricing of digital music. The model provides strategies to the recording industry to effectively price its products with the co-existence of piracy. © IFAC. | - |
dc.language | eng | en_US |
dc.publisher | International Federation of Automatic Control. | - |
dc.relation.ispartof | IFAC Proceedings | en_US |
dc.subject | Decision-support | - |
dc.subject | Digital music | - |
dc.subject | Piracy | - |
dc.subject | Pricing equilibrium | - |
dc.subject | Sampling | - |
dc.subject | Self-selection | - |
dc.title | Pricing equilibrium model in digital music market | en_US |
dc.type | Conference_Paper | en_US |
dc.identifier.email | Lau, H: hyklau@hkucc.hku.hk | en_US |
dc.identifier.authority | Lau, H=rp00137 | en_US |
dc.description.nature | link_to_OA_fulltext | - |
dc.identifier.doi | 10.3182/20130619-3-RU-3018.00398 | - |
dc.identifier.scopus | eid_2-s2.0-84884322771 | - |
dc.identifier.hkuros | 222515 | en_US |
dc.identifier.volume | 7 | - |
dc.identifier.issue | pt. 1 | - |
dc.identifier.spage | 162 | - |
dc.identifier.epage | 167 | - |
dc.customcontrol.immutable | sml 131016 | - |