2008 November 02 | Counter

Piracy and limited liability

Chang, M. C., Lin, C. F., & Wu, D.(2008). Piracy and limited liability. Journal of Economics, 95, 25-53.

This paper analyzes the effects of end-user piracy on a monopolized software industry with network effects in which consumers have heterogeneous income and limited liability. Limited liability produces a piracy cost which increases with income. The monopolist thus [...]

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