TY - JOUR
T1 - Even the losers get lucky sometimes
T2 - New products and the evolution of music quality since Napster
AU - Aguiar, Luis
AU - Waldfogel, Joel
PY - 2016/3/1
Y1 - 2016/3/1
N2 - Using comprehensive digital sales data by time and vintage on the US, Canada, and 15 European countries, we infer the evolution of music vintage quality, finding that vintage service flow has increased since 2000. We explain the result with unpredictability of music quality at the time of investment along with growing releases. Evidence shows (a) products with modest prospects at release, - from artists on independent labels and from new artists, - occupy a growing share of the top products; and (b) despite growth in the number of products, sales are growing more concentrated.
AB - Using comprehensive digital sales data by time and vintage on the US, Canada, and 15 European countries, we infer the evolution of music vintage quality, finding that vintage service flow has increased since 2000. We explain the result with unpredictability of music quality at the time of investment along with growing releases. Evidence shows (a) products with modest prospects at release, - from artists on independent labels and from new artists, - occupy a growing share of the top products; and (b) despite growth in the number of products, sales are growing more concentrated.
KW - Copyright
KW - Digital music
KW - Digitization
UR - http://www.scopus.com/inward/record.url?scp=84959172809&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84959172809&partnerID=8YFLogxK
U2 - 10.1016/j.infoecopol.2015.12.003
DO - 10.1016/j.infoecopol.2015.12.003
M3 - Article
AN - SCOPUS:84959172809
SN - 0167-6245
VL - 34
SP - 1
EP - 15
JO - Information Economics and Policy
JF - Information Economics and Policy
ER -