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Parallel Imports and Music CD Prices
Yeh-ning Chen,Ivan Png 한국법경제학회 2008 법경제학연구 Vol.5 No.1
Parallel imports are a significant academic and policy issue. Official investigations into the impact of parallel imports on music CD prices have reached widely conflicting conclusions. This note reports an event study on an international panel of changes in copyright law to permit or disallow parallel imports. The study shows that, on average, legalization of parallel imports was associated with a 7.2–7.9% reduction in the retail price of music CDs.