Digital Disintermediation and Efficiency in the Market for Ideas

@inproceedings{Peukert2018DigitalDA,
  title={Digital Disintermediation and Efficiency in the Market for Ideas},
  author={Christian Peukert and Imke Reimers},
  year={2018}
}
Digital technology has allowed inventors to circumvent traditional intermediaries and directly reach consumers, which may affect licensing outcomes and efficiency in the market for ideas. We study these impacts theoretically and empirically in the book publishing industry, where the number of new books available to consumers has almost doubled after the advent of digital self- publishing platforms. Using data on over 90,000 license deals between authors and publishers from 2002 to 2015, we… CONTINUE READING

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