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The Effect of P2P File Sharing on Music Markets: A Survival Analysis of Albums on Ranking Charts

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Author Info

  • Sudip Bhattacharjee

    (School of Business, University of Connecticut)

  • Ram D. Gopal

    (School of Business, University of Connecticut)

  • Kaveepan Lertwachara

    (School of Business, University of Connecticut)

  • James R. Marsden

    (School of Business, University of Connecticut)

  • Rahul Telang

    (H John Heinz III School of Public Policy and Management, Carnegie Mellon University)

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    Abstract

    Recent technological and market forces have profoundly impacted the music industry. Emphasizing threats from peer-to-peer (P2P) technologies, the industry continues to seek sanctions against individuals who offer significant number of songs for others to copy. Yet there is little rigorous empirical analysis of the impacts of online sharing on the success of music products. Combining data on the performance of music albums on the Billboard charts with file sharing data from a popular network, we: 1) assess the impact of recent developments related to the music industry on survival of music albums on the charts, and 2) evaluate the specific impact of P2P sharing on an album’s survival on the charts. In the post P2P era, we find significantly reduced chart survival. The second phase of our study isolates the impact of file sharing on album survival. We find that sharing does not seem to hurt the survival of albums.

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    File URL: http://www.netinst.org/Telang2005.pdf
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    Bibliographic Info

    Paper provided by NET Institute in its series Working Papers with number 05-26.

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    Length: 24 pages
    Date of creation: Oct 2005
    Date of revision: Oct 2005
    Handle: RePEc:net:wpaper:0526

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    Web page: http://www.NETinst.org/

    Related research

    Keywords: peer-to-peer; digitized music; online file sharing; survival.;

    This paper has been announced in the following NEP Reports:

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    2. Adler, Moshe, 1985. "Stardom and Talent," American Economic Review, American Economic Association, vol. 75(1), pages 208-12, March.
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    4. Cunningham, Brendan M. & Alexander, Peter J. & Adilov, Nodir, 2004. "Peer-to-peer file sharing communities," Information Economics and Policy, Elsevier, vol. 16(2), pages 197-213, June.
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    10. Chung, Kee H & Cox, Raymond A K, 1994. "A Stochastic Model of Superstardom: An Application of the Yule Distribution," The Review of Economics and Statistics, MIT Press, vol. 76(4), pages 771-75, November.
    11. W. Crain & Robert Tollison, 2002. "Consumer Choice and the Popular Music Industry: A Test of the Superstar Theory," Empirica, Springer, vol. 29(1), pages 1-9, March.
    12. Bakos, Yannis & Brynjolfsson, Erik & Lichtman, Douglas, 1999. "Shared Information Goods," Journal of Law and Economics, University of Chicago Press, vol. 42(1), pages 117-55, April.
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    15. MacDonald, Glenn M, 1988. "The Economics of Rising Stars," American Economic Review, American Economic Association, vol. 78(1), pages 155-66, March.
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