The Effect of Recording Industry Lawsuits on the Market for Recorded Music
AbstractThe origination and rapid growth in popularity of file sharing technology at the end of the twentieth century created the potential for a fundamental market shift for any private good that is reduced to information. Through a new exploration of this recent phenomenon within the context of peer-to-peer file sharing technology for music downloads, this article examines the relative importance of various economic factors in determining the national level of file sharing. After employing basic theoretical models and econometric methods, the author finds that file sharing behavior is most responsive to the number of lawsuits brought against consumers, the relative value and amount of leisure time for consumers, household disposable income, and the prevalence of computer virus threats among file-sharing program users. These new findings are discussed in the context of microeconomic expectations that predict a different set of empirical trends in file sharing technology.
How to Cite
HOLT, Ryan Thomas. The Effect of Recording Industry Lawsuits on the Market for Recorded Music. Vanderbilt Undergraduate Research Journal, [S.l.], v. 1, may 2005. ISSN 1555-788X. Available at: <http://ejournals.library.vanderbilt.edu/index.php/vurj/article/view/2713>. Date accessed: 22 mar. 2018. doi: https://doi.org/10.15695/vurj.v1i0.2713.
Humanities and Social Sciences
File Sharing; Public Goods; Information Goods; RIAA Lawsuits
Copyright for articles published in this journal is retained by the authors, with first publication rights granted to Vanderbilt Undergraduate Research Journal. By virtue of their appearance in this open access journal, articles are available for wide dissemination at no cost to readers, with proper attribution, in educational and other non-commercial settings. For undergraduates jointly authoring a manuscript with a faculty member, we strongly encourage the student to discuss with the faculty mentor and the Editor if the copyright policy will constrain future publication efforts in professional journals.