New Technology and Market Structure : Evidence from the Music Recording Industry

  title={New Technology and Market Structure : Evidence from the Music Recording Industry},
  author={Peter Alexander},
While the emergence and adaptation of new cultural forms as mass products in the music recording industry is well-detailed from an institutional and sociological perspective, the impact of new technology on the evolution of these culture-based products is largely unexplored. In this paper, I explore how new technology that lowered the cost and scale of production induced periods of de-concentration in the music recording industry by facilitating the entry of smaller new, product-innovating… CONTINUE READING

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