Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/224851
Authors: 
Edquist, Harald
Goodridge, Peter
Haskel, Jonathan
Year of Publication: 
2020
Series/Report no.: 
ITS Online Event, 14-17 June 2020
Abstract: 
This paper finds that the shift from buying music as a physical product towards subscribing to music services implies a decrease of 85 percent in the price paid per song. We estimate that in 2019 the global quality adjusted value from streamed music was $76 billion compared to current revenues of $11.4 billion. Thus, the shift from consuming music in physical form towards subscribing to music services creates an enormous consumer surplus that is not recorded in GDP.
Subjects: 
Streaming
price index
mobile broadband
JEL: 
O31
O33
O34
Document Type: 
Conference Paper
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