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Even the losers get lucky sometimes: New products and the evolution of music quality since Napster


Aguiar, Luis; Waldfogel, Joel (2016). Even the losers get lucky sometimes: New products and the evolution of music quality since Napster. Information Economics and Policy, 34:1-15.

Abstract

Using comprehensive digital sales data by time and vintage on the US, Canada, and 15 European countries, we infer the evolution of music vintage quality, finding that vintage service flow has increased since 2000. We explain the result with unpredictability of music quality at the time of investment along with growing releases. Evidence shows (a) products with modest prospects at release, – from artists on independent labels and from new artists, – occupy a growing share of the top products; and (b) despite growth in the number of products, sales are growing more concentrated.

Abstract

Using comprehensive digital sales data by time and vintage on the US, Canada, and 15 European countries, we infer the evolution of music vintage quality, finding that vintage service flow has increased since 2000. We explain the result with unpredictability of music quality at the time of investment along with growing releases. Evidence shows (a) products with modest prospects at release, – from artists on independent labels and from new artists, – occupy a growing share of the top products; and (b) despite growth in the number of products, sales are growing more concentrated.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Social Sciences & Humanities > Economics and Econometrics
Physical Sciences > Management, Monitoring, Policy and Law
Scope:Discipline-based scholarship (basic research)
Language:English
Date:2016
Deposited On:07 Dec 2023 14:38
Last Modified:29 Jun 2024 01:41
Publisher:Elsevier
ISSN:0167-6245
OA Status:Closed
Publisher DOI:https://doi.org/10.1016/j.infoecopol.2015.12.003
Other Identification Number:merlin-id:18294