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EconLaw Strategic Consulting issued a report in September 2007 on the economic impact of Private Copying Remuneration (PCR) systems on the music sector, at the request of GESAC (European Grouping of Societies of Authors and Composers).
The report states that the Private Copying Remuneration (PCR) system has a sound economic justification, generates positive incentives to the creation of Intellectual Property Rights (IPR) protected works and increases consumers’ freedom of use of intellectual works. The PCR system does not generate net negative effects on welfare.
http://www.econlaw.es/ingles/pdf/PCR.pdf >
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