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We apply a search-theoretic model of fiat money to study the equilibria in which counterfeit money is accepted. Circulation of counterfeit money presupposes that the agents are impatient and that the punishment for holding it is not too severe. When the [...]
Bhattacharjee, S., Gopal, R. D., & Sanders, G.L. (2003). Digital music and online sharing: Software piracy 2.0? Communications of the ACM, 46, 107-111.
Chen, Y. N., & Png, I. (2003). Information goods pricing and copyright enforcement: Welfare analysis. Information Systems Research, 14, 107-123.
McCourt, T., & Burkart, P. (2003). When creators, corporations and consumers collide: Napster and the development of on-line music distribution. Media Culture & Society, 25, 333-350.
James, J. (2003). Free software and the digital divide: opportunities and constraints for developing countries. Journal of Information Science, 29, 25-33.
Wang, S. (2003). Recontextualizing copyright: Piracy, Hollywood, the state, and globalization. Cinema Journal, 43, 25-43.