Wednesday, 05. February 2020, University of Glasgow, Christian Peukert: Digital Disintermediation and Efficiency in the Market for Ideas

from 05. February 2020 - 17:30 till 19:00

University of Glasgow

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Event description
CREATe Public Lecture Series 2020
Christian Peukert : Digital Disintermediation and Efficiency in the Market for IdeasThe second CREATe public lecture of 2020 will be given by Dr Christian Peukert.  Christian is Assistant Professor for Information Systems at Católica-Lisbon and Senior Research Associate at the Center for Law and Economics at ETH Zurich. 
Abstract:
Digital technology has allowed inventors to circumvent intermediaries, which affects licensing outcomes and efficiency in the market for ideas. We study these impacts theoretically and empirically, using data on over 90,000 license deals for books. Identification comes from quasi- experimental variation across product types over time. Consistent with digital self-publishing improving an author’s outside option, authors get more favorable license deals. In addition, ex-ante license fees reflect ex-post demand more accurately. This is consistent with additional entry generating more information. Such improvements can have large impacts on welfare in any markets in which product appeal is difficult to predict.

Christian Peukert: Digital Disintermediation and Efficiency in the Market for Ideas, University of Glasgow event

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