Avenell, Simon; Thompson, Herb - In: Journal of Interdisciplinary Economics 5 (1994) 1, pp. 23-35
In 1993, the info-media companies, Philips and Sony brought their new digital audio recording systems (Digital Compact Cassette and the Mini Disc respectively) onto the market. Since both systems can make perfect digital copies of Compact Discs, this will dramatically affect the profitability of...