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Bye, Bye, Miss American Pie? The Supply of New Recorded Music Since Napster

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NBER2011-03-01 更新2025-01-04 收录
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In the decade since Napster, file-sharing has undermined the protection that copyright affords recorded music, reducing recorded music sales. What matters for consumers, however, is not sellers' revenue but the surplus they derive from new music. The legal monopoly created by copyright is justified

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2011-03-01
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