Competition with clone: An analysis of the role of illegal copy

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The efficiency of a market depends on the amount of information about products available to buyers. However, an information goods market is not an efficient market because information goods are mostly experience goods. We suggest that illegal copying can be an efficient information channel to account for the problem. We also suggest that partially enforced copyright protection may encourage the competition between the original information goods and illegally copied goods that benefits not only customers but also producers. © Springer Science+Business Media, LLC. 2008.
Publisher
Kluwer Academic Publishers
Issue Date
2008
Language
English
Citation

NETNOMICS: ECONOMIC RESEARCH AND ELECTRONIC NETWORKING, v.9, no.2, pp.87 - 94

ISSN
1385-9587
URI
http://hdl.handle.net/10203/87027
Appears in Collection
MT-Journal Papers(저널논문)
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