The value of collecting a particular musical artist: the case of MiniDiscs
Cameron, Samuel Reynolds, Michael
Cameron, Samuel
Reynolds, Michael
Publication Date
2015-09
End of Embargo
Supervisor
Rights
Peer-Reviewed
Yes
Open Access status
Accepted for publication
Institution
Department
Awarded
Embargo end date
Collections
Additional title
Abstract
This paper adds to the limited economic literature on collecting behaviour by studying the price
of musical works in the minidisc format. Over 1,000 MiniDisc prices are analysed using various
estimating equations. The use of MiniDiscs allows the estimate of 'pure' collecting effects as
there is no gain, in terms of listening content, from the purchase over other formats. What we
observe in pricing can therefore be seen as premium for the fan of collecting a scarce item of
product. Solo artists who had a tragic death commanded an estimated premium of around 86%
using the power function with Greatest Hits having a premium of around 45% price. Both these
were statistically significant at high levels.
Version
No full-text in the repository
Citation
Cameron S and Reynolds M (2015) The value of collecting a particular musical artist: the case of MiniDiscs. Briefing Notes in Economics. 91: 1-9.
Link to publisher’s version
Link to published version
Link to Version of Record
Type
Article