Abstract
In this volume, we begin our economic analysis of the non-dramatic performance copyright in the performing arts from the perspectives of performing rights organizations (PROs) such as ASCAP, BMI, and SESAC. We continue with the further expansion of the discipline of cultural economics. A basic economic model of supply and demand is used to illustrate the dynamic economic interplay of the music creators who supply the music and the demand by music users who market culture in various media industries and other venues. A general overview of the economics of music production is discussed. We end the chapter with a brief overview of performing rights organizations and music licensing.
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Pitt, I.L. (2010). Economics of Music Copyright: Income, Media, and Performances. In: Economic Analysis of Music Copyright. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-6318-5_1
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DOI: https://doi.org/10.1007/978-1-4419-6318-5_1
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