Why do people who normally refrain from committing illegalities become digital pirates? In this paper we use a theoretical model of digital piracy combined with a game-theoretic mechanism of social norm formation to argue that no social stigma is attached to digital piracy because the latter has...

We apply the property rights theory of Grossman-Hart-Moore in the music industry and study the optimal allocation of copyright between the artists who create music and the labels who promote and distribute it. Digital technology opens up a role for new intermediaries. We find that entry of...

The market for copyrights is characterised by a highly skewed distribution of profits: very few movies, books and songs generate huge profits, whereas the great bulk barely manages to recover production cost. At the moment when the owner of intellectual property grants a licence ('ex ante'),...

This examination of the role and potential for replication in economics points out the paucity of both pure replication checking on others' published papers using their data and scientific replication using data representing different populations in one's own work or in a Comment. Several...

This article reviews recent theoretical contributions on digital piracy. It starts by elaborating on the reasons for intellectual property protection, by reporting a few facts about copyright protection, and by examining reasons to become a digital pirate. Next, it provides an exploration of the...

Discretionary disclosure theory suggests that firms incentives to provide proprietary versus non-proprietary information differ markedly. To test this conjecture, the paper investigates the incentives of German firms to voluntarily disclose business segment reports and cash flow statements in...

Die Arbeit hat zum Ziel, ein grundlegendes ökonomisches Verständnis für die Struktur und Funktionsweise des Musikmarktes zu vermitteln, der sich aktuell in einer Umbruchphase befindet. Systematische industrieökonomische Analysen, die den Einfluss digitaler Technologien auf die Musikindustrie...