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Comments on: Have Radiohead shown us the future of music? http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/ The Visible Hand in Economics Tue, 05 Feb 2008 03:20:18 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Pages tagged "radiohead" http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-687 Tue, 05 Feb 2008 03:20:18 +0000 http://tvhe.wordpress.com/?p=214#comment-687 […] bookmarks tagged radiohead Have Radiohead shown us the future of music? saved by 6 others     Murdock667 bookmarked on 02/04/08 | […]

]]> By: Pages tagged "radiohead" http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-3733 Tue, 05 Feb 2008 03:20:18 +0000 http://tvhe.wordpress.com/?p=214#comment-3733 […] bookmarks tagged radiohead Have Radiohead shown us the future of music? saved by 6 others     Murdock667 bookmarked on 02/04/08 | […]

]]> By: Have Radiohead shown us the future of music? (246450) http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-686 Tue, 29 Jan 2008 16:54:39 +0000 http://tvhe.wordpress.com/?p=214#comment-686 […] Have Radiohead shown us the future of music? (246450) […]

]]> By: Have Radiohead shown us the future of music? http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-685 Tue, 29 Jan 2008 16:49:37 +0000 http://tvhe.wordpress.com/?p=214#comment-685 […] Have Radiohead shown us the future of music? As everyone knows, Radiohead recently released their album ‘In Rainbows’ online for a nominal sum. It was suggested to me today that perhaps that is the future of the music industry and record labels will soon be obsolete. … […]

]]> By: Music News » Have Radiohead shown us the future of music? http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-684 Mon, 28 Jan 2008 04:41:31 +0000 http://tvhe.wordpress.com/?p=214#comment-684 […] unknown wrote an interesting post today onHere’s a quick excerpt […]

]]> By: rauparaha http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-683 Mon, 28 Jan 2008 04:31:17 +0000 http://tvhe.wordpress.com/?p=214#comment-683 Haha, “aversion to capturing surplus”, I like that 😛

I think we just have a cultural norm which requires us to give something in exchange for a valuable gift. People often feel guilty taking the album for free and taking advantage of Radiohead’s generosity without giving anything in return. Paying something assuages their guilt, so I think it’s still utility maximising behaviour: they’re paying to divest themselves of negative, guilty feelings. Obviously some people feel that guilt more strongly than others and have to pay more in order to eradicate it from their conscience.

It would certainly be interesting to know the relationship between willingness to pay and level of guilt felt.

]]> By: MP3 Download Music http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-682 Mon, 28 Jan 2008 04:28:22 +0000 http://tvhe.wordpress.com/?p=214#comment-682 […] Richard Jones wrote an interesting post today onHere’s a quick excerptIt was suggested to me today that perhaps that is the future of the music industry and record labels will soon be obsolete. I agree that a release similar to Radiohead’s could be a good move for some groups, but I don’t think it will … […]

]]> By: CPW http://www.tvhe.co.nz/2008/01/28/have-radiohead-shown-us-the-future-of-music/#comment-681 Mon, 28 Jan 2008 04:25:36 +0000 http://tvhe.wordpress.com/?p=214#comment-681 I didn’t know there were degrees of price discrimination. It strikes me that the “pay what you want” internet-pricing part of that model almost requires a new name, consumers discriminating among themselves based on their aversion to capturing consumer surplus.

It would be fascinating to know the varying importance of willingness to pay (ie maximum price) versus willingness to share surplus in peoples’ decisions about what price to pay on-line.

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