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An Online Experiment in Voluntary Pricing
I’ve previously discussed the voluntary pricing strategy taken by restaurants and cafes in a handful of states to offer food and drink for free and allow customers to decide whether and how much they...
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Radiohead revisited
I started writing this as a comment to Josh’s last post, but it got so long I figured I’d make a post out of it. Thanks for the inspiraiton, Josh. I really hope Radiohead releases the data on its...
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Yet Another Voluntary Pricing Experiment
This time from Paste Magazine (HT: Peter Schwartz via Wired Blog Magazine), and motivated by the Radiohead Experiment, and with an interesting twist: Subscribers who choose to pay more than the normal...
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"Free is More Complicated Than You Think"
So says Scott Adams, creater of Dilbert and now author, in today’s WSJ. The context might interest TOTM readers who’ve been following the Radiohead/ voluntary pricing discussions here and elsewhere:...
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Radiohead results
The results are in: Radiohead did . . . ok. Before I share the specifics, let me remind you of what one seemingly prescient prognosticator said a few weeks ago: My prediction: They will receive an...
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Not that you asked . . . the best music of 2007
I’ve been inspired by Lynne’s music favorites post (mainly so I can share my disagreement with her–and one big agreement). It’s a bit off-topic for this blog, but some of you must be music fans.Â...
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Is free Radiohead a substitute for expensive Radiohead?
I’d have to say the answer is yes (duh). Radiohead’s In Rainbows made a stunning “official”debut, coming out at number 1 on the Billboard chart with 122,000 US sales in the first week. But...
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The Filesharing Debate Gets Ugly
David Glenn brings us the latest in the filesharing dispute. HT: Peter Klein, who says sensible things about the newest, and ugliest piece of the controversy: Strumpf suggests that Liebowitz is...
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IP Colloquium: Statutory Damages and the Tenenbaum Litigation
Over at Doug Lichtman’s IP Colloquium, there is a new (and what looks to be very interesting) program up on the Tenenbaum file-sharing litigation. Here’s the description: Joel Tenenbaum looks a lot...
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"We're Kinda Worried About the Monopoly Thing"
That’s from Firefox chief software architect Mike Connor in an interview with PCPro. Here’s an excerpt suggesting that Mozilla fears that its recent success might lead to antitrust liability in the...
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Is Apple Dumb?
The Economist seems to think so, relying on evidence from this new paper by Joel Waldfogel and Ben Shiller. Waldfogel and Shiller find that, relative to uniform pricing at $.99, alternative pricing...
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Some Links
Larry Ribstein on exempting small firms from SOX Bernie Sanders’ “Too Big to Fail, Too Big to Exist” Bill (but see here) More Professor Birdthistle on Jones v. Harris Michael Ward on the economics of...
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Art and Politics
When I first met my father in law, he spent hours trying to convince me of the cultural superiority of his tastes. Some of these were indeed triumphs. I’m thinking here of “Dr. Strangelove,” “The 400...
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"In the long run, my friend, it's your theory that's dead"
Russ Roberts’ brilliant and eagerly-awaited Keynes vs. Hayek rap video is here. It’s the best economics pop music since Merle Hazzard. Here are the lyrics: We’ve been going back and forth for a...
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Will the FTC Sue Apple?
I don’t know. But apparently, industry analysts preliminarily think not. I tend to disagree. At least, I think its far too early to be confident in either direction. Press reports, such as this...
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Lollapalooza and Antitrust
Apparently, the Illinois Attorney General is investigating Lollapalooza for potential antitrust violations arising out of exclusivity clauses that the concert promoter includes in the contracts signed...
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Stan Liebowitz on Piracy and Music Sales
Stan Liebowitz (UT-Dallas) offers a characteristically thoughtful and provocative op-ed in the WSJ today commenting on SOPA and the Protect IP Act. Here’s an excerpt: You may have noticed last...
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UMG-EMI Deal Is No Threat To Innovation In Music Distribution
By Geoffrey Manne and Berin Szoka Everyone loves to hate record labels. For years, copyright-bashers have ranted about the “Big Labels” trying to thwart new models for distributing music in terms that...
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ICLE White Paper: Broad fair use exceptions could discourage innovation...
Today, the International Center for Law & Economics released a white paper, co-authored by Executive Director Geoffrey Manne and Senior Fellow Julian Morris, entitled Dangerous Exception: The...
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