Overview
- Examines how music is consumed as an experiential good as well as an experiential service
- Delves into the production and consumption of music in the streaming era
- Analyzes music consumption and production during and after COVID lockdowns
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Table of contents (6 chapters)
Keywords
About this book
This book uses economic theory to explain how consumers and producers have responded to major changes in the music industry. Byun examines the important role of technology in changing its structure, particularly as new methods of creating and accessing music prove to be a double-edged sword for creators and producers. This second edition includes new information about concert attendance and live performance in the COVID era and what followed, as well as the resultant economic impacts on the industry.
Throughout the book, Byun questions how the business of music affects creativity and the extent to which this impacts the creative output of the individual artist. Chapters also address copyright enforcement and online piracy. This is an approachable resource for economists interested in the music industry as well as business and music majors studying the ways in which technology can impact a creative process.
Authors and Affiliations
About the author
Christie Byun is Associate Professor of Economics at Wabash College in the USA. She teaches courses on statistics, econometrics, entrepreneurship, environmental economics, and the fashion industry. Byun has done extensive research on the changes in the music industry using applied economic theory.
Bibliographic Information
Book Title: The Economics of the Popular Music Industry
Book Subtitle: Modelling from Microeconomic Theory and Industrial Organization
Authors: Christie Byun
DOI: https://doi.org/10.1007/978-3-031-49899-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-49898-5Published: 30 April 2024
Softcover ISBN: 978-3-031-49901-2Due: 31 May 2024
eBook ISBN: 978-3-031-49899-2Published: 29 April 2024
Edition Number: 2
Number of Pages: IX, 246
Number of Illustrations: 7 b/w illustrations, 4 illustrations in colour
Topics: Microeconomics, Economic History, Industrial Organization, Music