Wu, Chien-Wei; Chiu, Hsien-Hung - In: Applied Economics Letters 21 (2014) 16, pp. 1122-1127
This article argues that the presence of nondeceptive counterfeits may benefit the monopolist of genuine products in a durable good scenario. For a monopolist selling a durable good over time, the presence of counterfeits mitigates the monopolist's incentives to lower the price in later periods...