DIGITAL PIRACY AND THE PERCEPTION OF PRICE FAIRNESS: EVIDENCE FROM A FIELD EXPERIMENT

By Anna Kukla‑Gryz, Joanna Tyrowicz, Michał Krawczyk

Digital piracy is an interesting case of an extremely common activity with a rather shady ethical and legal status. One way of understanding this paradox is in terms of numerous justifications for downloading files from unauthorized sources. Maybe the most commonly heard argument is that the original products are unfairly priced. Does unfair price really drive an easy-going approach to digital piracy?

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MUSIC AND THE MUSIC INDUSTRY: A SAD-ONOMICS APPROACH

Samuel Cameron

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The economic analysis of music is at a crossroad. Digital innovations undermine the concepts of production deeply embedded in economics textbooks. Do we need a new production function? Can this be the SAD (serendipity, authenticity and drugs) production function extended to allow for the creation of value in the consumers’ subjective perceptions?

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WHAT IS COPYRIGHT GOOD FOR?

By Ruth Towse

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What are the relative roles of copyright law and market forces, especially when they are altered by disruptive technologies? The paper takes an historical approach to the development of music publishing viewed through the lens of present day issues, in particular the impact of digitisation in the creative industries.

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