Peitz, Martin; Waelbroeck, Patrick - 2004
-country evidence in support of the claim of losses due to internet piracy made by the music industry. For the U.S. we also assess the … potential loss from internet piracy using detailed survey data. We conclude the empirical analysis by forecasting CD sales for … 2002. The results suggest that internet piracy played a significant role in the decline in CD sales in 2001, but can hardly …