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Networks are often considered when embedded in systems of production or consumption, but they are also of considerable value in themselves, as they underpin social interaction and social leisure activities. The nature of leisure has changed considerably over time, sometimes due to the costs of...
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While the impact of technology on production is widely researched, this study explores the economic implications of technology through the channel of enhancing leisure experience on the consumer side. We develop a theoretical model which allows for habit formation for a technology good purchased...
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Advances in technology have enabled producers of entertainment goods to reach customers in innovative ways. However, new technologies also make it easier for users to infringe on the content. Producers argue that piracy hurts their ability to innovate, while critics argue that piracy acts as a...
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