Скачать или смотреть Was Napster the Death of Music?

Was the real deathblow to the supply of important recorded music the introduction of Napster and file-sharing technology? Professor Joel Waldfogel, the Carlson School of Management's Frederick R. Kappel Chair in Applied Economics, examines the effect of file-sharing on the supply of new recorded music.

Economic theory would dictate that if the recording industry can't make money from the sale of recorded music, it won't be able to afford to bring new artists and new music to market. Using a novel dataset that allowed him to quantify the amount of good music coming to market over time, Waldfogel assessed whether Napster had such an effect on the creation of new music.

Learn more at http://www.carlsonschool.umn.edu/facu....