This paper discusses whether a copyright compensation system (CCS) for recorded music\u2014endowing private Internet subscribers with the right to download and use works in return for a fee\u2014would be welfare increasing. It reports on the results of a discrete choice experiment conducted with a representative sample of the Dutch population consisting of 4986 participants. Under some conservative assumptions, we find that applied only to recorded music, a mandatory CCS could increase the welfare of rights holders and users in the Netherlands by over \u20ac600 million per year (over \u20ac35 per capita). This far exceeds current rights holder revenues from the market of recorded music of ca. \u20ac144 million per year. A monthly CCS fee of ca. \u20ac1.74 as a surcharge on Dutch Internet subscriptions would raise the same amount of revenues to rights holders as the current market for recorded music. With a voluntary CCS, the estimated welfare gains to users and rights holders are even greater for CCS fees below \u20ac20 on the user side. A voluntary CCS would also perform better in the long run, as it could retain a greater extent of market coordination. The results of our choice experiment indicate that a well-designed CCS for recorded music would simultaneously make users and rights holders better off. This result holds even if we correct for frequently observed rates of overestimation in contingent valuation studies.<\/p>\n","protected":false},"excerpt":{"rendered":"
Handke, C., Balazs, B. & Vallb\u00e9, JJ. Going means trouble and staying makes it double: the value of licensing recorded music online. Journal of Cultural Economics 40, 227\u2013259 (2016). https:\/\/doi.org\/10.1007\/s10824-015-9251-8<\/p>\n","protected":false},"featured_media":12489,"template":"","meta":[],"product_cat":[94],"product_tag":[412],"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/www.ub.edu\/grel\/wp-content\/uploads\/2022\/08\/grel-publicacio05-150x150.png",150,150,true],"full":["https:\/\/www.ub.edu\/grel\/wp-content\/uploads\/2022\/08\/grel-publicacio05.png",1200,1200,false]},"categories":["84"],"categories_names":{"84":{"name":"external","link":"https:\/\/www.ub.edu\/grel\/?taxonomy=product_type&term=external"}},"comments_number":"0","_links":{"self":[{"href":"https:\/\/www.ub.edu\/grel\/wp-json\/wp\/v2\/product\/11983"}],"collection":[{"href":"https:\/\/www.ub.edu\/grel\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/www.ub.edu\/grel\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ub.edu\/grel\/wp-json\/wp\/v2\/media\/12489"}],"wp:attachment":[{"href":"https:\/\/www.ub.edu\/grel\/wp-json\/wp\/v2\/media?parent=11983"}],"wp:term":[{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/www.ub.edu\/grel\/wp-json\/wp\/v2\/product_cat?post=11983"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/www.ub.edu\/grel\/wp-json\/wp\/v2\/product_tag?post=11983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}