Konferenzbeitrag
The economic impact of streaming beyond GDP
This paper finds that the shift from buying music as a physical product towards subscribing to music services implies a decrease of 85 percent in the price paid per song. We estimate that in 2019 the global quality adjusted value from streamed music was $76 billion compared to current revenues of $11.4 billion. Thus, the shift from consuming music in physical form towards subscribing to music services creates an enormous consumer surplus that is not recorded in GDP.
- Language
-
Englisch
- Bibliographic citation
-
Series: ITS Online Event, 14-17 June 2020
- Classification
-
Wirtschaft
Innovation and Invention: Processes and Incentives
Technological Change: Choices and Consequences; Diffusion Processes
Intellectual Property and Intellectual Capital
- Subject
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Streaming
price index
mobile broadband
- Event
-
Geistige Schöpfung
- (who)
-
Edquist, Harald
Goodridge, Peter
Haskel, Jonathan
- Event
-
Veröffentlichung
- (who)
-
International Telecommunications Society (ITS)
- (where)
-
Calgary
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Edquist, Harald
- Goodridge, Peter
- Haskel, Jonathan
- International Telecommunications Society (ITS)
Time of origin
- 2020
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