The Business of Selling Electronic Documents

04/21/2009

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by   Manuel Oriol, et al.

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The music industry has huge troubles adapting to the new technologies. As many pointed out, when copying music is essentially free and socially accepted it becomes increasingly tempting for users to infringe copyrights and copy music from one person to another. The answer of the music industry is to outlaw a majority of citizens. This article describes how the music industry should reinvent itself and adapt to a world where the network is ubiquitous and exchanging information is essentially free. It relies on adapting prices to the demand and lower costs of electronic documents in a dramatic way.