Leung, Tin Cheuk - Volkswirtschaftliche Fakultät, … - 2012
Music piracy is a double-edged sword for the music industry. On the one hand, it hurts record sales. On the other hand …, it increases sales of its complements. To quantify the effect of music piracy, I construct a unique survey data set and … use a Bayesian method to estimate the demand for music and iPods, and find three things. First, music piracy decreases …