Bergemann, Dirk; Eisenbach, Thomas; Feigenbaum, Joan; … - Cowles Foundation for Research in Economics, Yale University - 2005
We consider the optimal design of flexible use in a digital-rights-management policy. The basic model considers a single distributor of digital goods and a continuum of consumers. Each consumer can acquire the digital good either as a licensed product or an unlicensed copy. The availability of...