{"title":"Bargaining theory and the copyright royalty board’s rate setting decisions for interactive streaming of music","authors":"Elliott Hughes , Richard Watt","doi":"10.1016/j.mathsocsci.2025.01.005","DOIUrl":null,"url":null,"abstract":"<div><div>In the USA, the remuneration for songwriters whose copyrighted material is broadcast using online interactive music services is subject to a compulsory license with a rate that is regulated by the Copyright Royalty Board. On the other hand, an essentially equally necessary input to the interactive music services, namely the sound recording copyright, is freely negotiated between the parties. This sets up an interesting bargaining problem that is of interest to the regulator. The present paper sets out this problem formally, and resolves the equilibrium outcomes. The model is calibrated with the actual rates that have been set recently.</div></div>","PeriodicalId":51118,"journal":{"name":"Mathematical Social Sciences","volume":"134 ","pages":"Pages 58-65"},"PeriodicalIF":0.7000,"publicationDate":"2025-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Mathematical Social Sciences","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165489625000137","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In the USA, the remuneration for songwriters whose copyrighted material is broadcast using online interactive music services is subject to a compulsory license with a rate that is regulated by the Copyright Royalty Board. On the other hand, an essentially equally necessary input to the interactive music services, namely the sound recording copyright, is freely negotiated between the parties. This sets up an interesting bargaining problem that is of interest to the regulator. The present paper sets out this problem formally, and resolves the equilibrium outcomes. The model is calibrated with the actual rates that have been set recently.
期刊介绍：
The international, interdisciplinary journal Mathematical Social Sciences publishes original research articles, survey papers, short notes and book reviews. The journal emphasizes the unity of mathematical modelling in economics, psychology, political sciences, sociology and other social sciences.
Topics of particular interest include the fundamental aspects of choice, information, and preferences (decision science) and of interaction (game theory and economic theory), the measurement of utility, welfare and inequality, the formal theories of justice and implementation, voting rules, cooperative games, fair division, cost allocation, bargaining, matching, social networks, and evolutionary and other dynamics models.
Papers published by the journal are mathematically rigorous but no bounds, from above or from below, limits their technical level. All mathematical techniques may be used. The articles should be self-contained and readable by social scientists trained in mathematics.
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