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In this paper we make use of a quasi-experiment in the market for illegal downloading to study movie box office revenues. The sudden shutdown of the popular file hosting platform Megaupload.com on January 19, 2012 significantly (and unexpectedly) changed the availability of illegal movie downloads overnight. We compare box office revenues of movies that were available on Megaupload to those that were not pre- and post-shutdown and find that box office revenues of a majority of movies did not increase. The average effect is even negative. We show that only movies that premiere in a relatively large number of theaters benefitted from the closure of Megaupload. This is consistent with word-of-mouth effects, where online piracy can act as a mechanism to spread information about a good from consumers with low willingness to pay to consumers with high willingness to pay. This information-spreading effect of illegal downloads seems to be especially important for movies with smaller audiences, while for movies aimed at large audiences, the substitution effect between free and paid consumption weighs more heavily.
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Multicultural Fishers Welcome New In-Language App. The Victorian Government is making it easier for Victorian recreational anglers whose first language is Cantonese or Vietnamese to stay across fishing rules before casting a line. The free VicFishing smartphone app now offers in-language content, outlining bag and size limits, closed seasons and permitted fishing equipment, as well as colour illustrations of more than 100 fish species for which catch limits apply. The app, which is available for download via the App Store or Google Play, also consists of a 'Can I Fish Here?' function to help anglers and divers avoid marine parks and sanctuaries. Learn more here.
Multiculturalism @50 and the Promise of a Just Society. Guest edited by eminent philosopher Will Kymlicka, this edition of Canadian Diversity explores the roots, characteristics, and structural fault lines of Canadian multiculturalism and outlines the reframing required if the policy hopes to live up to its initial promise of delivering a just society. It considers the evolution and public perceptions of Canadian multiculturalism and explores the drive to reframe the policy in a society increasingly aware of the problems caused by embedded social inequities and racism. Click here to read or download the publication for free.
This program, free and open to all interested adults, is held at 10 a.m. on the fourth Thursday of every month. A variety of movies, newly released to DVD, are shown. Popcorn and beverages are served.