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Persistent link: https://www.econbiz.de/10010718053
We explore the impact of durable goods piracy in a simple two-period durability choice setting where an originator faces a future for-profit pirate that clones or duplicates copies of the durable good. We find that a social planner, as well as a monopoly originator, may well engage in a sort of...
Persistent link: https://www.econbiz.de/10008472829