tag:blogger.com,1999:blog-7169279.post6841813468442209833..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Adele’s New Album Is Unavailable on All-You-Can-Stream ServicesDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7169279.post-2255391939842813132015-12-11T10:19:20.844-07:002015-12-11T10:19:20.844-07:00David: 44/50 ("large is enough support this&q...David: 44/50 ("large is enough support this" makes little sense, and "artist" should be plural).<br /><br />I have two thoughts on what David wrote.<br /><br />1)<br /><br />I think your assertion that Adele has built a "big enough" fan base is problematic. I wish you'd explored the ManEc of that. Let's run with this a little more.<br /><br />If Adele is big Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-37030251230263799062015-12-10T14:28:24.771-07:002015-12-10T14:28:24.771-07:00Fortunately for Adele, she has built a fan base la...Fortunately for Adele, she has built a fan base large is enough support this “old style” of distribution. And why wouldn’t she take advantage of it? On average, a “major-label act” like Adele makes $2.00 per CD sold, as opposed to $0.25 per download or $0.005 per song streamed. <br /><br />Most artist are forced to look at the distribution of their music as an advertising expense, rather than aDavidhttps://www.blogger.com/profile/17555812288291266481noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-18388804066238280472015-12-08T12:23:47.270-07:002015-12-08T12:23:47.270-07:00Jordan Johnson: 50/50
So ... most of my main comm...Jordan Johnson: 50/50<br /><br />So ... most of my main comment were about different aspects of pricing policy that <i>apply generally to all music retailers</i>.<br /><br />But why is the specific case of Adele the one we've noticed?<br /><br />Obviously, it's because the scale of the success is much larger. And all of that is driven by the inelastic demand. <br /><br />This also tells Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-79506101411956148442015-12-08T12:19:20.333-07:002015-12-08T12:19:20.333-07:00Vickie: +6 to 100/100
You learn something new eve...Vickie: +6 to 100/100<br /><br />You learn something new every day. Sorry about that Vickie :(Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-28294990141908426812015-12-02T18:23:27.956-07:002015-12-02T18:23:27.956-07:00Vickie, I also think this was a great move by Adel...Vickie, I also think this was a great move by Adele. The amount of sales her CD has made proves this point as well. My wife also could not wait, so she went ahead and purchased the CD. I think we live in a world where we struggle to wait for products that we want. The lack of patience that many consumers have makes the demand for this CD inelastic. Adele took advantage of this lack of patience byJordan Johnson https://www.blogger.com/profile/17124936059936621971noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-90349169911041812152015-11-29T22:25:41.162-07:002015-11-29T22:25:41.162-07:00Dr. Tufte, in response to your comment in the firs...Dr. Tufte, in response to your comment in the first paragraph, "dropped" is slang for "was released" in the music industry. Although I'm not in that industry myself, I wanted to add some personality to the blog post to make it interesting. Vickiehttps://www.blogger.com/profile/17491317680944808655noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-43562012833244744772015-11-29T12:57:30.615-07:002015-11-29T12:57:30.615-07:00Vickie: 94/100 (I can make no sense of this phrase...Vickie: 94/100 (I can make no sense of this phrase "my brother-in-law informed me that Adele’s new album dropped". Did you mean to insert the word "sales" in there somewhere?).<br /><br />This is actually a form of price discrimination (although I think there's elements of both second and third degree in this case). There have been suggestions to change the nomenclature onDr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com