More and more academic journals are adopting an open access policy by which articles are accessible free of charge, while publication costs are recovered through author fees. We study the consequences of this open access policy on the quality standard of an electronic academic journal. If the...

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...

With the aim of analysing the seasonality of the Spanish and American film industries, a comparative analysis was made between variables such as release dates in cinemas, and trends in audience figures. The results show that Spanish films have a higher seasonality level than American ones, and...

This paper investigates the impact of increased media competition on the quantity and quality of news provided and, ultimately, on political participation. Drawing upon existing literature on vertical product differentiation, I explore the conditions under which an increase in the number of...

Between 2006 and 2011, daily print newspapers in the U.S. lost 20% of their paid subscribers, partly due to increasing availability of alternative sources of news, such as free content provided on newspaper websites and by news aggregators such as Yahoo. However, contrary to the expectation that...

Contemporary copyright infringement has significantly changed in the digital era, and due to the unique attributes of internet piracy and method of exchange, traditional regulatory approaches are ineffective. The characteristics of digital goods enable users to almost costlessly copy and...

Global Recession to Global Recovery: It is well known fact that all good things, as also bad things, come to an end and business cycles pass through good and bad economic times. Economically 2010 was a year of transition from economic recession to recovery. Economies were improving in some...

This paper uses a dynamic stochastic model to solve for the optimal pricing policy of the music recording companies in the presence of P2P file-sharing networks eroding their CD sales. We employ a policy iteration algorithm on a discretized state space to numerically compute the optimal price...

In this paper, we consider the competition of providers of information products against P2P networks that offer illegal versions of the information products. Depending on the generic cost factor of downloading — incorporating factors including, among other things, the degree of legal...

Combining comprehensive data from the Norwegian media market on newspaper circulation, readership, revenues, factor inputs, and product characteristics with plausibly exogenous variation in the availability and adoption of broadband internet, this paper provides causal evidence on how the...