Goering, Gregory E. - In: Metroeconomica 61 (2010) 2, pp. 282-301
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...