BOOK: The Economics of the Popular Music Industry

The Economics of the Popular Music Industry
I recently learned that some of my original critical writings about the music industry has been cited multiple times in the book “The Economics of the Popular Music Industry: Modeling from Microeconomic Theory and Industrial Organization” by Chong Hyun Christie Byun, an Associate Professor of Economics at Wabash College.

Abstract: The music business appears to be (almost) the same as it ever was, with a handful of large firms maintaining control over the production and distribution of music. With significant economies of scale, it makes economic sense for these firms to use their market power to produce music efficiently and cheaply. But musical innovators have challenged the dominant paradigm and emerged as independent artists with control over their past and future works. Technology has and will continue to enable them to do so, leveling the playing field for new musicians to find better ways to distribute music. Economic theory provides the analytical tools for music consumers and producers to study the industry and understand how musical creativity endures in the business of music.

Tags: , , ,

About Dae Bogan

Dae Bogan is a music rights executive, serial entrepreneur, and educator with over fifteen years of experience in the music industry. Currently, he is the Head of Third-Party Partnerships at the Mechanical Licensing Collective and Lecturer at the UCLA Herb Alpert School of Music.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: