Bergemann, Dirk; Eisenbach, Thomas; Feigenbaum, Joan; … - Cowles Foundation for Research in Economics, Yale University - 2011
We consider the optimal design of flexible use in a digital-rights-management policy for a digital good subject to piracy. Consumers can acquire the digital good either as a licensed product or as an unlicensed copy. The ease of access to unlicensed copies is increasing in the flexibility...