Goel et al (2010) "The impact of illegal peer-to-peer file sharing on the media industry
14 important questions on Goel et al (2010) "The impact of illegal peer-to-peer file sharing on the media industry
What do peer-to-peer (P2P) file-sharing networks enable?
Why is the media exposed to a free-rider problem?
What is a way to compensate media films and artists?
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What is an alternative solution to the free-rider problem?
What happens in a pure P2P model?
What did this article investigate?
Where would a successful business strategy for media firms focus on?
What woud an effective business model in most future scenarios aim to capture?
What are the four distinct elements stated to change?
- Legislation
- Enforcement
- Education
- Business models
What about business models?
What is on the horizontal/vertical axis?
Vertical: Technological Change
What is the conclusion of the authors?
Why has control over downstream activities weakened with the recent development of digital files that can be easily reproduced and transmitted over the Internet?
- Because of low barriers to entry
- Low investment needs
- Relatively lucrative returns
How has the new technology greatly increased the power of individual consumers?
- Download singles for free over the Internet
- Listen to music over social network or sites that stream music on demand
- Artists can record quality music without the need for elaborate studio facilities and distribute it over the internet
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