We present an in-depth analysis of the music industry and use our findings to judge the practicalassumptions and design of an original theoretical model. The model is in three stages, where, in aHotelling-type framework, the last agents to act are consumers who choose between copying,...

We present an in-depth analysis of the music industry and use our findings to judge the practical assumptions and design of an original theoretical model. The model is in three stages, where, in a Hotelling-type framework, the last agents to act are consumers who choose between copying,...