How Platforms Reshape Entertainment market : Alleviating Market Failure and Wage Gaps
- 발행기관 서강대학교 일반대학원
- 지도교수 김영철
- 발행년도 2024
- 학위수여년월 2024. 8
- 학위명 석사
- 학과 및 전공 일반대학원 경제학과
- 실제 URI http://www.dcollection.net/handler/sogang/000000079219
- UCI I804:11029-000000079219
- 본문언어 영어
- 저작권 서강대학교 논문은 저작권 보호를 받습니다.
초록 (요약문)
Rise of the platforms like Youtube and SoundCloud opened doors for many entertainers who were previously unnoticed. This shift is due to these me- dia platforms enabling easier talent exposure to the public. Expanding model by Terviö (2009), I show that platforms can alleviate compensation inequality by changing debut process of entertainers. This is a different conclusion from Rosen (1981), showing that even with advancements in media technology, in- equality can be decreased. Unlike the TV broadcasting era, the introduction of platforms has made the supply side of the entertainment market more efficient, addressing market failures. This process reduces wage inequality, highlighting the differences in the market structure between the TV broadcasting era and the platform era.
more목차
1 Introduction 1
2 Related Literature 4
3 Model 5
4 Platforms as perfectly informative signal 10
5 Platforms as imperfect signal 11
5.1 Social welfare 11
5.2 Market equilibrium 13
5.3 Price, wage function 14
5.4 Constrained case 15
6 Conclusion 17
Appendix A. 18
References 20
