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Copyright Protection, Technological Change, and the Quality of New Products : Evidence from Recorded Music Since Napster
Waldfogel, Joel - 2014
Recent technological changes may have altered the balance between technology and copyright law for digital products. While file-sharing has reduced revenue, other technological changes have reduced the costs of bringing creative works to market. As a result, we don't know whether the effective...
Persistent link: https://www.econbiz.de/10013067291
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An Empirical Examination of Patent Hold-Up
Galetovic, Alexander - 2015
A large literature asserts that standard essential patents (SEPs) allow their owners to “hold up” innovation by … innovation in SEP-reliant industries. We find no empirical support for either prediction. Indeed, SEP-reliant industries have the …
Persistent link: https://www.econbiz.de/10013024504
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Idea Diffusion and Property Rights
Jovanovic, Boyan; Wang, Zhu - 2022
We study the innovation and diffusion of technology at the industry level. We derive the full dynamic paths of an …
Persistent link: https://www.econbiz.de/10014091108
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Business Method Patents, Innovation, and Policy
Hall, Bronwyn H. - 2021
decision itself. This paper discusses the likely impact of these patents on innovation. It first reviews the facts about … system and innovation. It concludes by finding some consensus in the literature about the problems associated with this …
Persistent link: https://www.econbiz.de/10013218794
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Digital Innovation and the Distribution of Income
Guellec, Dominique - 2017
top 1%. In this paper we argue that the growing importance of digital innovation – new products and processes based on … Schumpeter's vision, digital innovation gives rise to ”winner-take-all” market structures, characterized by higher market power … digital non-rivalry, which allows for massive economies of scale and reduces costs of innovation. The latter stimulates higher …
Persistent link: https://www.econbiz.de/10012944156
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Kill Zone
Kamepalli, Sai Krishna; Rajan, Raghuram G.; Zingales, Luigi - 2022
We study why acquisitions of entrant firms by an incumbent can deter innovation and entry in the digital platform …
Persistent link: https://www.econbiz.de/10013298326
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Bye, Bye, Miss American Pie? The Supply of New Recorded Music Since Napster
Waldfogel, Joel - 2014
In the decade since Napster, file-sharing has undermined the protection that copyright affords recorded music, reducing recorded music sales. What matters for consumers, however, is not sellers' revenue but the surplus they derive from new music. The legal monopoly created by copyright is...
Persistent link: https://www.econbiz.de/10013068391
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The Geography of Crowdfunding
Agrawal, Ajay K. - 2014
Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...
Persistent link: https://www.econbiz.de/10013068501
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Music for a Song : An Empirical Look at Uniform Song Pricing and its Alternatives
Shiller, Benjamin - 2010
Economists have well-developed theories that challenge the wisdom of the common practice of uniform pricing. With digital music as its context, this paper explores the profit and welfare implications of various alternatives, including song-specific pricing, various forms of bundling, two-part...
Persistent link: https://www.econbiz.de/10013150741
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Streaming Reaches Flood Stage : Does Spotify Stimulate or Depress Music Sales?
Aguiar, Luis - 2015
Streaming music services have exploded in popularity in the past few years, variously raising optimism and concern about their impacts on recorded music revenue. On the one hand, streaming services allow sellers to engage in bundling with the promise of increasing revenues, profits, and consumer...
Persistent link: https://www.econbiz.de/10013013191