On the Impact of Digital Music Distribution
- Authors
- Ahn, Illtae; Yoon, Kiho
- Issue Date
- 6월-2009
- Publisher
- OXFORD UNIV PRESS
- Keywords
- Music industry; digital music; copyright; file sharing
- Citation
- CESIFO ECONOMIC STUDIES, v.55, no.2, pp.306 - 325
- Indexed
- SCIE
SCOPUS
- Journal Title
- CESIFO ECONOMIC STUDIES
- Volume
- 55
- Number
- 2
- Start Page
- 306
- End Page
- 325
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/119961
- DOI
- 10.1093/cesifo/ifn036
- ISSN
- 1610-241X
- Abstract
- We present a framework to evaluate the impact of digital music distribution. We set up a representative model that enables the comparative static analysis. We then interpret two empirical observations about the music industry, the sales decline and the price constancy, and fit the model to these observations. We find that, while the impact of digitalization on the producers' profits is probably negative, it may not be as severe as the observed impact on the quantity. On the other hand, the impact of digitalization on the consumer surplus is unambiguously positive. The impact on the social welfare is rather ambiguous in general, but the social welfare may increase for plausible parameter values. (JEL codes: K11, L86, O34)
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Collections - College of Political Science & Economics > Department of Economics > 1. Journal Articles
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