In cultural markets, for books, music or movies, sales are concentrated on a small number of highly successful products. One explanation for the skewness of sales is incomplete information: consumers are poorly informed about most products, because only a small proportion of them are visible and...

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 of...

In cultural industries, the fear of large-country hegemon has been revived with the growth of subscription services (such as Netflix, Spotify or Apple Music) and the concentration of these markets. The aim of this paper is to provide evidence on this issue from music streaming consumption. Using...