In this guide, we discuss the impact of digitalization on the music industry. We rely on market and survey data at the … technological protection of digital music and describes new business models as well as consumers' attitude towards music downloads … and audio-streaming. We conclude the guide by a discussion of the evolution of the music industry. …

introduce within-subject variation by alternating subjectively liked music and disliked music in the background. We find that … favourite music increases risk-taking, and disliked music suppresses risk-taking, compared to a baseline of no music. Several …

Despite numerous studies on skill development, we know little about the effects of extracurricular music activities on … cognitive and non-cognitive skills. This study examines how music training during childhood and youth affects the development of … findings suggest that adolescents with music training have better school grades, are more conscientious, open and ambitious …

Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model …, and to situations with multiple experts and uncertainty about the size of the expert's bias. …

We introduce the notion of verifiable information into a model of sequential debate among experts who are motivated by … career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold … phenomenon, and the probability of the correct state of the world being revealed always converges to one as the group of experts …

Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of …