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Joel Waldfogel

Professor, Frederick R Kappel Chair in Applied Economics
Affiliated Faculty Member, Department of Economics and Law School

Joel Waldfogel was previously the Ehrenkranz Family Professor of Business and Public Policy at the University of Pennsylvania’s Wharton School, where he and had served as department chair and associate vice dean. Prior to Wharton, Waldfogel was an associate professor of economics at Yale University.

His main research interests are industrial organization and law and economics, and he has conducted empirical studies of price advertising, media markets, the operation of differentiated product markets, and issues related to digital products, including piracy, pricing, and revenue sharing. He has published more than 50 articles in scholarly outlets, including the American Economic Review, the Journal of Political Economy, and the RAND Journal of Economics. He also has published several books, including The Tyranny of the Market: Why You Can’t Always Get What You Want (Harvard University Press, 2007) and Scroogenomics: Why You Shouldn’t Buy Presents for the Holidays (Princeton University Press, 2009). He has also written for Slate.

Research Description

I've spent the last five years working on intellectual property piracy in music and movies. More recently, I've worked on the the supply of new recorded music and books in the wake of digitization.

Related Publications

“Copyright Protection, Technological Change, and the Quality of New Products: Evidence from Recorded Music since Napster,” forthcoming, Journal of Law & Economics, November 2012 (revised version of NBER Working paper w17503, October 2011).

“Copyright Research in the Digital Age: Moving from Piracy to the Supply of New Products,” forthcoming, American Economic Review, Papers and Proceedings, May 2012.

“The Challenge of Revenue Sharing with Bundled Song Pricing.” (with Ben Shiller), Economic Inquiry, January 2012.

“Music for a Song: An Empirical Look at Uniform Song Prices and its Alternatives.” (with Ben Shiller), Journal of Industrial Economics, December 2011 (revised version of NBER Working Paper 15390, October 2009).

“Piracy on the High C’s: Music Downloading, Sales Displacement, and Social Welfare.” (with Rafael Rob), April 2006, Journal of Law & Economics (revised version of NBER Working Paper 10874, November 2004).