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dc.contributor.authorDewenter, Ralfen_US
dc.contributor.authorHaucap, Justusen_US
dc.contributor.authorWenzel, Tobiasen_US
dc.description.abstractThis paper analyses the interdependency between the market for music recordings and concert tickets, assuming that there are positive indirect network effects both from the record market to ticket sales for live performances and vice versa. Using a model with two interrelated Salop circles we show that prices in both markets are corrected down- wards when compared to the standard Salop model. Furthermore, we show that the effects of file sharing on firms' profitability and on variety are ambiguous. File sharing can increase profits through increased concert ticket demand and thereby also lead to additional market entry and additional variety.en_US
dc.publisherTechn. Univ., Inst. für Volkswirtschaftslehre Ilmenauen_US
dc.relation.ispartofseriesDiskussionspapier // Technische Universität Ilmenau, Institut für Volkswirtschaftslehre 63en_US
dc.subject.keywordMusic Industryen_US
dc.subject.keywordIndirect Network Effectsen_US
dc.subject.keywordSalop Modelen_US
dc.subject.keywordFile Sharingen_US
dc.titleIndirect network effects with two Salop circles: the example of the music industryen_US
dc.typeWorking Paperen_US
Appears in Collections:Ilmenau Economics Discussion Papers, Technische Universität Ilmenau

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