We study the consequences of the implementation of a new payment system in the music streaming market. Instead of pooling all the subscription revenues and remunerating artists according to their number of streams, which is currently the norm, an alternative payment system adopts a user-centric...

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...