HT: Economic Logic
Against Monopoly
defending the right to innovate
Monopoly corrupts. Absolute monopoly corrupts absolutely.
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Filesharing is good for social welfare
Does filesharing reduce profits of the music industry? This paper claims so, and that should not be that much of a surprise. However, it also argues that filesharing is welfare improving because it leads to more competition and thus lower prices. Remember, ultimately it is the consumer that counts when computing a surplus, not just music industry profits.
[Posted at 12/10/2009 05:34 AM by Christian Zimmermann on Was Napster Right? 
comments(2)]
Comments
[Comment at 12/13/2009 01:19 PM by bldiron]
Where's the new comment? Site says this post has a new comment, but all I see under Comments is "Comment at 12/13/2009 01:19 PM by bldiron" but no actual comment, by bldiron or otherwise.
[Comment at 12/13/2009 01:34 PM by Nobody Nowhere]
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