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Bertin Martens - One of the best experts on this subject based on the ideXlab platform.

  • Digital music consumption on the Internet: Evidence from clickstream data
    Information Economics and Policy, 2016
    Co-Authors: Luis Aguiar, Bertin Martens
    Abstract:

    Abstract We use clickstream data on a panel of more than 16,500 European consumers to analyze the relationship between different online music consumption channels. In particular, we revisit the question of sales displacement in the digital era, and analyze how licensed online music streaming affects digital music purchasing behavior. Our results show no Evidence of digital music sales displacement by unlicensed downloading and present, for some countries in our sample, a rather small but positive elasticity of up to 0.04 between these two channels. We also find a positive relationship between the use of licensed streaming websites and licensed websites selling digital music, suggesting a stimulating effect of music streaming on digital music sales. Our results present important cross country differences in these effects, with elasticities ranging between 0.09 and 0.01. Finally, we find heterogeneous effects according to individuals’ profiles. For both unlicensed downloading and licensed streaming alike, our results suggest that consumers with higher interest in music view these channels as complements to licensed digital purchases to a larger extent.

  • Digital Music Consumption on the Internet: Evidence from Clickstream Data
    SSRN Electronic Journal, 2013
    Co-Authors: Luis Aguiar, Bertin Martens
    Abstract:

    The goal of this paper is to analyze the behavior of digital music consumers on the Internet. Using clickstream data on a panel of more than 16,000 European consumers, we estimate the effects of illegal downloading and legal streaming on the legal purchases of digital music. Our results suggest that Internet users do not view illegal downloading as a substitute to legal digital music. Although positive and significant, our estimated elasticities are essentially zero: a 10% increase in clicks on illegal downloading websites leads to a 0.2% increase in clicks on legal purchases websites. Online music streaming services are found to have a somewhat larger (but still small) effect on the purchases of digital sound recordings, suggesting complementarities between these two modes of music consumption. According to our results, a 10% increase in clicks on legal streaming websites lead to up to a 0.7% increase in clicks on legal digital purchases websites. We find important cross country difference in these effects.

Luis Aguiar - One of the best experts on this subject based on the ideXlab platform.

  • Digital music consumption on the Internet: Evidence from clickstream data
    Information Economics and Policy, 2016
    Co-Authors: Luis Aguiar, Bertin Martens
    Abstract:

    Abstract We use clickstream data on a panel of more than 16,500 European consumers to analyze the relationship between different online music consumption channels. In particular, we revisit the question of sales displacement in the digital era, and analyze how licensed online music streaming affects digital music purchasing behavior. Our results show no Evidence of digital music sales displacement by unlicensed downloading and present, for some countries in our sample, a rather small but positive elasticity of up to 0.04 between these two channels. We also find a positive relationship between the use of licensed streaming websites and licensed websites selling digital music, suggesting a stimulating effect of music streaming on digital music sales. Our results present important cross country differences in these effects, with elasticities ranging between 0.09 and 0.01. Finally, we find heterogeneous effects according to individuals’ profiles. For both unlicensed downloading and licensed streaming alike, our results suggest that consumers with higher interest in music view these channels as complements to licensed digital purchases to a larger extent.

  • Digital Music Consumption on the Internet: Evidence from Clickstream Data
    SSRN Electronic Journal, 2013
    Co-Authors: Luis Aguiar, Bertin Martens
    Abstract:

    The goal of this paper is to analyze the behavior of digital music consumers on the Internet. Using clickstream data on a panel of more than 16,000 European consumers, we estimate the effects of illegal downloading and legal streaming on the legal purchases of digital music. Our results suggest that Internet users do not view illegal downloading as a substitute to legal digital music. Although positive and significant, our estimated elasticities are essentially zero: a 10% increase in clicks on illegal downloading websites leads to a 0.2% increase in clicks on legal purchases websites. Online music streaming services are found to have a somewhat larger (but still small) effect on the purchases of digital sound recordings, suggesting complementarities between these two modes of music consumption. According to our results, a 10% increase in clicks on legal streaming websites lead to up to a 0.7% increase in clicks on legal digital purchases websites. We find important cross country difference in these effects.

Xiaolin Xing - One of the best experts on this subject based on the ideXlab platform.

  • Competitiveness and Price Convergence on the Internet: Evidence from the Online DVD Market Competitiveness and Price Convergence on the Internet: Evidence from the Online DVD Market
    2020
    Co-Authors: Xiaolin Xing, Fang-fang Tang, Yang Zhenlin, Zhenlin Yang
    Abstract:

    ABSTRACT We compare the pricing behavior between online branches of traditional retailers (MCR) and pure Internet retailers (Dotcom) in the DVD market. Based on a set of panel data from July 5, 2000 to June 11, 2001, we find that the average price of the MCRs is about 11.2% higher than that of the Dotcoms. Further statistical analyses on the market dynamics of price trends show that the prices of the Dotcoms went up with time much faster than the prices of the MCRs, which points to a possibility that eventually both types of retailers may charge similar prices on average. We also find that the price dispersion among the MCRs is about 74% higher than that among the Dotcoms, and that the price dispersion went down with time for the MCRs and up with time for the Dotcoms. This suggests that the two types of retailers not only will charge similar average prices in the long run, but also will have similar price dispersions. Our methodology of market price evaluation to the online retailer formats directly addresses a fundamental question whether the online markets would evolve toward a perfectly competitive market. The online DVD market seems indeed moving towards such a direction, although significant pricing differentials still exist

Zhenlin Yang - One of the best experts on this subject based on the ideXlab platform.

  • Competitiveness and Price Convergence on the Internet: Evidence from the Online DVD Market Competitiveness and Price Convergence on the Internet: Evidence from the Online DVD Market
    2020
    Co-Authors: Xiaolin Xing, Fang-fang Tang, Yang Zhenlin, Zhenlin Yang
    Abstract:

    ABSTRACT We compare the pricing behavior between online branches of traditional retailers (MCR) and pure Internet retailers (Dotcom) in the DVD market. Based on a set of panel data from July 5, 2000 to June 11, 2001, we find that the average price of the MCRs is about 11.2% higher than that of the Dotcoms. Further statistical analyses on the market dynamics of price trends show that the prices of the Dotcoms went up with time much faster than the prices of the MCRs, which points to a possibility that eventually both types of retailers may charge similar prices on average. We also find that the price dispersion among the MCRs is about 74% higher than that among the Dotcoms, and that the price dispersion went down with time for the MCRs and up with time for the Dotcoms. This suggests that the two types of retailers not only will charge similar average prices in the long run, but also will have similar price dispersions. Our methodology of market price evaluation to the online retailer formats directly addresses a fundamental question whether the online markets would evolve toward a perfectly competitive market. The online DVD market seems indeed moving towards such a direction, although significant pricing differentials still exist

Fang-fang Tang - One of the best experts on this subject based on the ideXlab platform.

  • Competitiveness and Price Convergence on the Internet: Evidence from the Online DVD Market Competitiveness and Price Convergence on the Internet: Evidence from the Online DVD Market
    2020
    Co-Authors: Xiaolin Xing, Fang-fang Tang, Yang Zhenlin, Zhenlin Yang
    Abstract:

    ABSTRACT We compare the pricing behavior between online branches of traditional retailers (MCR) and pure Internet retailers (Dotcom) in the DVD market. Based on a set of panel data from July 5, 2000 to June 11, 2001, we find that the average price of the MCRs is about 11.2% higher than that of the Dotcoms. Further statistical analyses on the market dynamics of price trends show that the prices of the Dotcoms went up with time much faster than the prices of the MCRs, which points to a possibility that eventually both types of retailers may charge similar prices on average. We also find that the price dispersion among the MCRs is about 74% higher than that among the Dotcoms, and that the price dispersion went down with time for the MCRs and up with time for the Dotcoms. This suggests that the two types of retailers not only will charge similar average prices in the long run, but also will have similar price dispersions. Our methodology of market price evaluation to the online retailer formats directly addresses a fundamental question whether the online markets would evolve toward a perfectly competitive market. The online DVD market seems indeed moving towards such a direction, although significant pricing differentials still exist