Alcalá, Francisco; Gonzalez-Maestre, Miguel - Facultad de Economía y Empresa, Universidad de Murcia - 2009
emphasizes three important aspects of artistic markets: the predominance of superstars, the dynamics of talent sorting, and the … importance of promotion expenditures. In the short run, piracy reduces superstars’ earnings and market share, and increases the … equipment may crucially depend on whether their yields primarily accrue to superstars or are allocated to help young artists. …