Music theft is a real, ongoing and evolving challenge. Both the volume of music acquired without paying for it and the resulting drop in revenues are staggering. Digital sales, while on the rise, are not making up the difference. There should be no doubt that piracy undermines the entire chain of creating and investing in music:
IPI Policy Report – “The True Cost of Sound Recording Piracy to the U.S. Economy” by Stephen E. Siwek
Stan Liebowitz, “File Sharing: Creative Destruction or Just Plain Destruction?” University of Chicago Press, Journal of Law & Economics
Rafael Rob and Joel Waldfogel, “Piracy on the High C's: Music Downloading, Sales Displacement, and Social Welfare in a Sample of College Students” University of Chicago Press, Journal of Law & Economics
Alejandro Zentner, “Measuring the Effect of File Sharing on Music Purchases” University of Chicago Press, Journal of Law & Economics
Norbert J. Michel, “The Impact of Digital File Sharing on the Music Industry: An Empirical Analysis” Topics in Economic Analysis & Policy
Martin Peitz and Patrick Waelbroeck, “The Effect of Internet Piracy on CD Sales: Cross-Section Evidence”
Juan D. Montoro-Pons and Manuel Cuadrado-Garcia, “Digital Goods and the Effects of Copying: An Empirical Study of the Music Market”, Paper presented at the 14th International Conference on Cultural Economics, Vienna, Austria, July 6–9,
2006.
