Quality Predictability and the Welfare Benefits from New Products: Evidence from the Digitization of Recorded Music
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We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent developments in recorded music as our context. Digitization has expanded consumption opportunities by giving consumers access to the long tail of existing products, rather than simply the
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美国国家经济研究局创建时间：
2016-09-01
