The effect of the Internet and Information and Communication Technologies on the Record Industry In this paper, we analyze how the development of information and communication technologies (ICTs) and of the Internet affects the record industry. We show that the record industry is impacted in...

This paper analyzes the impact of music file sharing on CD purchases. Traditionally, two arguments are opposed concerning the impact of music file sharing on CD sales. On the one hand, MP3 downloads only reduces sales of legitimate CDs (the "competition effect"). On the other hand, consumption...