Counterfeit Goods and Income Inequality

Counterfeit Goods and Income Inequality
This paper examines the effect of counterfeit goods in a world where consumers are differentiated by level of income and innovation is quality enhancing. Counterfeit goods are defined as products with the same characteristics as "originals", but of lower quality. The effect of imitation on firms' profits and consumer welfare depends on the... READ MORE...

Publication date: January 2001
ISBN 9781451843002
$15.00

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