The big wild card here is the impact of illegal file sharing. David Blackburn, a doctoral student at Harvard, has argued that peer-to-peer systems increase demand for less popular recordings but dampen sales of hits. If that's the case, charging extra for top sellers might just push legal downloaders back into the outlaw world of peer-to-peer file trading. If that happens, perhaps the record companies will start offering free digital downloads of top-100 hits (with ads embedded inside, of course), while charging whatever the market will bear for the rest. A Digital Music Exchange may not be a perfect solution, but who would you prefer to set the price of music: consumers or record executives?
TODAY IN SLATE
Driving in Circles
The autonomous Google car may never actually happen.
Where Ebola Lives Between Outbreaks
Gunman Killed Inside Canadian Parliament; Soldier Shot at National Monument Dies
Sleater-Kinney Was Once America’s Best Rock Band
Can it be again?
Paul Farmer: Up to 90 Percent of Ebola Patients Should Survive
Is he right?
“I’m Not a Scientist” Is No Excuse
Politicians brag about their ignorance while making ignorant decisions.
The Right to Run
If you can vote, you should be able to run for public office—any office.