P2P has no effect on legal music sales

Rob recently talked about Steve Jobs views on how the music industry’s insistence on DRM simply doesnt work, which I agree with. Along similar lines I was very interested to read about a new study published in the Journal of Political Economy. I think the study refers to this paper, or perhaps a more recent version of it entitled The effect of file sharing on Record Sales, an Empirical analysis. that asserts that illegal music downloads have no noticeable effect on the sale of music – which is completely contrary to the claims made by the record industry.

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