New Leibowitz Paper on P2P [9:20 pm]
Derek points to Stan Leibowitz’ new paper on the effects of P2P on the record industry: Peer-to-peer networks: Creative Destruction or just Plain Destruction?
All of the empirical works to date suffer from various imperfections. Nevertheless, the majority of studies find results supportive of the thesis that file-sharing is causing harm. As more evidence accumulates, both in the world at large and in the pages of academic publications we can expect to learn more about the impacts of file-sharing. The political arena is calling for an answer now, however, and is impatient to wait for academics to reach unanimity, which academics almost never do anyway. If an answer is needed, the answer that would appear to have the greatest likelihood of being correct given our current state of knowledge, is that file-sharing hurts copyright owners.