I evaluate the substitution effects of pirated movies - the unlicensed online movies available on file-sharing websites - on their genuine counterparts, and explore the institutional and economic causes of China's high level of movie piracy. To do this, I build a dataset including information on...

A central argument for increased protections of property rights (PR) is the role they play in encouraging economic transactions, investment and economic growth. Likewise, the utilitarian justification of intellectual property laws is that such rights promote creative inventions and innovation,...