We use panel data on digital song and album sales coupled with a quasi-random price experiment to determine own- and cross-price elasticities for songs and albums. We then develop a structural model of consumer demand to estimate welfare under various policy relevant counterfactual scenarios....

Peer-to-peer file sharing networks are becoming an important medium for the distribution of information goods. However, there is little academic research into the optimal design of these networks under real-world conditions. Our research represents an initial effort to analyze the impact of...

Peer influence in social networks has been studied for over four decades by social scientists and marketing researchers. Due to recent growth of internet technologies and online social networks, research on peer influence has gained even more attention over the last decade. But, most extant...