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Submission + - Study shows file sharing has no effect on CD sales

jibjibjib writes: "Ars Technica reports that a study by Felix Oberholzer-Gee and Koleman Strumpf, recently published in the Journal of Political Economy, shows that file sharing is not responsible for declining CD sales figures.

The study, entitled "The Effect of File Sharing on Record Sales: An Empirical Analysis," claims that "a one-standard-deviation increase in file sharing reduces an album's weekly sales by a mere 368 copies, an effect that is too small to be statistically distinguishable from zero.""

Every cloud has a silver lining; you should have sold it, and bought titanium.