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Comments on: Gift or investment: Lil Wayne edition http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/ The Visible Hand in Economics Mon, 28 Jul 2008 22:19:21 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: MikeE http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1862 Mon, 28 Jul 2008 22:19:21 +0000 http://tvhe.wordpress.com/?p=562#comment-1862 No worries … nice to find a practical use for economics πŸ˜›

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1861 Sun, 27 Jul 2008 22:37:24 +0000 http://tvhe.wordpress.com/?p=562#comment-1861 Hi MikeE,

Thanks for the comment – interesting stuff πŸ™‚

]]> By: MikeE http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1860 Sun, 27 Jul 2008 22:20:34 +0000 http://tvhe.wordpress.com/?p=562#comment-1860 We have similar examples of this in NZ, mainly for promotion of upcoming albums, for instance The Misfits of Science gave away bang free for NZ Music Month and the Wall of Sound gig (Shameless plug: coming up this friday, Aug 1 at fu and Zen more info visit http://www.themashupmafia.com) and Optimus Gryme did the same with his dubstep remix of funnily enough Lil Waynes “A Milli” for his Anniliation of Ego Ep (released today, release party was on friday) both of which have helped build up hype for the albums/gigs.

I’d suggest itsa mix of altruism and investment, for instance, the 2nd example is a bootleg/remix, so probably wouldn’t get clearance for an official release anyway – so better to give it away (and hope that the lawyers don’t come running), whereas the Misfits track was for NZ Music Month (but again hadn’t released an album for a while, so it does help promote their brand).

I’d side with investment over altruism on both, though I don’t think it fits the definition of altruism, as in order to be altruistic, someone else benifits from your loss. There isn’t a loss here, only an opportunity cost of*potential* future sales… which can be balanced by… potential future sales of other product.

Hope that makes sense.

Basically, agree with your conclusion!

]]> By: IRS http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1859 Sun, 27 Jul 2008 10:19:49 +0000 http://tvhe.wordpress.com/?p=562#comment-1859 The face is the soul of the body.LudwigWittgensteinLudwig Wittgenstein

]]> By: Iraq War http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1858 Sat, 26 Jul 2008 23:02:20 +0000 http://tvhe.wordpress.com/?p=562#comment-1858 Progress doesn’t come from early risers, progress is madeby lazy men looking for easier ways to do things.

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1857 Sat, 26 Jul 2008 21:14:57 +0000 http://tvhe.wordpress.com/?p=562#comment-1857 “As IP becomes weaker, albums become loss-leaders for concert promotion.”

Very true. However, this doesn’t explain why his album did so well following all the free material – which is why I went for the explanation I did.

“Another driver could be that he’s bought publicity (including this discussion πŸ˜‰ ) by giving away the music.”

Old publicity – I guess it’s cheaper than doing a McDonalds ad πŸ˜‰ (both in terms of money and reputation cost)

]]> By: Richard http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1856 Sat, 26 Jul 2008 06:36:26 +0000 http://tvhe.wordpress.com/?p=562#comment-1856 Another driver could be that he’s bought publicity (including this discussion;-) ) by giving away the music.

]]> By: Eric Crampton http://www.tvhe.co.nz/2008/07/25/gift-or-investment-lil-wayne-edition/#comment-1855 Fri, 25 Jul 2008 15:01:30 +0000 http://tvhe.wordpress.com/?p=562#comment-1855 As IP becomes weaker, albums become loss-leaders for concert promotion.

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