Generative AI May Be Good For Artists: Understanding the Impact of Artistic Style on Preference and Willingness to Pay
59 Pages Posted: 1 May 2023 Last revised: 29 Jan 2025
Date Written: January 28, 2025
Abstract
Generative AI tools, such as MidJourney, Stable Diffusion, and DALL-E, allow users to generate high-quality images using simple text prompts and have seen wide adoption.
However, the ability of these tools to mimic the styles of specific artists has raised ethical and economic concerns. Artists argue that their intellectual property is being
exploited without consent or compensation, fueling calls for fair remuneration. In this paper, we propose a constructive alternative: generative AI as a means for artists to
monetize their unique styles, transforming a perceived threat into an economic opportunity. Using a multi-method approach, including large-scale prompt analysis, deep
learning models, and conjoint choice experiments, we demonstrate that artist styles can enhance image quality, increase consumer preference, and drive higher willingness
to pay (WTP) even under conditions of incentive alignment. Importantly, consumers express strong support for fair compensation schemes, creating a viable pathway for
artists to participate meaningfully in the generative AI ecosystem. These findings have implications for technology developers, artists, and policymakers seeking to balance
innovation with fairness.
Keywords: Generative AI, Human Brands, Image Analysis, Deep Learning Models, Conjoint Analysis
Suggested Citation: Suggested Citation
Wang, Wen and Bell, J. Jason and Dotson, Jeffrey P. and Schweidel, David A.,
Generative AI May Be Good For Artists: Understanding the Impact of Artistic Style on Preference and Willingness to Pay
(January 28, 2025). Available at SSRN: https://ssrn.com/abstract=4428509 or http://dx.doi.org/10.2139/ssrn.4428509
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