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CESifo Economic Studies 2005 51(2-3):359-428; doi:10.1093/cesifo/51.2-3.359
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© Ifo Institute for Economic Research, Munich, 2005

An Economist's Guide to Digital Music

Martin Peitz and Patrick Waelbroeck*

* Martin Peitz, International University in Germany 76646 Bruchsal, Germany e-mail: peitz{at}bigfoot.de. Patrick Waelbroec, ECARES, Université Libre de Bruxelles and FNRS CP 114, 50 av. Roosevelt, 1050 Bruxelles, Belgium e-mail: pwawlbro{at}ulb.ac.be.

In this guide, we discuss the impact of digitalization on the music industry. We rely on market and survey data at the international level as well as expert statements from the industry. The guide investigates recent developments in legal and technological protection of digital music and describes new business models as well as consumers' attitude towards music downloads. We conclude the guide by a discussion of the evolution of the music industry. (JEL L82)


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