Those interested in the definition of goods may want to refer back to my first ever publication on music industry economics, aptly titled: 'Is the price of recorded music heading towards zero?' - from Nov 2006.
The classic 2x2 matrix is explained, and then applied to digital music (non scarce, non rival) and posed challenges for rights holders to think through - then.
Mike's post, and many of the comments above, are right to point to the 'you wouldnt steal a car' mentality of the original report.
Understanding the 'need for a toll', as opposed to holding onto a private good mentality, helps you understand the difference between transactional activity and licensing.
Worth a pause for thought.
WP
PS: Great to finaly post on this blog - big fan.
Techdirt has not posted any stories submitted by WillPage.
The nature of economic goods
Those interested in the definition of goods may want to refer back to my first ever publication on music industry economics, aptly titled: 'Is the price of recorded music heading towards zero?' - from Nov 2006.
www.prsformusic.com/SiteCollectionDocuments/Independent%20research%20papers/WillPage-Transm issionConfPaper.pdf
The classic 2x2 matrix is explained, and then applied to digital music (non scarce, non rival) and posed challenges for rights holders to think through - then.
Mike's post, and many of the comments above, are right to point to the 'you wouldnt steal a car' mentality of the original report.
Understanding the 'need for a toll', as opposed to holding onto a private good mentality, helps you understand the difference between transactional activity and licensing.
Worth a pause for thought.
WP
PS: Great to finaly post on this blog - big fan.
Techdirt has not posted any stories submitted by WillPage.
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