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A MODEL OF LOW-RISK PIRACY

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Date Issued:
2019
Abstract/Description:
Heterogeneous consumers make the decision to buy a durable good or to download a replica, and a monopolist chooses to price and protect their intellectual property in the form of an authentication cost. An optimal price and authentication cost is derived, and shown to be higher than the efficient outcome for a uniform distribution of consumers. The optimal selection of price and protection are shown to be commensurate with his authenticating technology, and the searching ability of consumers. As an extension, a layout for a monopolist problem where consumers have different searching abilities is shown to be indistinct from a homogeneous case when consumers are uniformly distributed.
Title: A MODEL OF LOW-RISK PIRACY.
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Name(s): Camilo, Amil, Author
Burguet, Roberto, Committee Chair
University of Central Florida, Degree Grantor
Type of Resource: text
Date Issued: 2019
Publisher: University of Central Florida
Language(s): English
Abstract/Description: Heterogeneous consumers make the decision to buy a durable good or to download a replica, and a monopolist chooses to price and protect their intellectual property in the form of an authentication cost. An optimal price and authentication cost is derived, and shown to be higher than the efficient outcome for a uniform distribution of consumers. The optimal selection of price and protection are shown to be commensurate with his authenticating technology, and the searching ability of consumers. As an extension, a layout for a monopolist problem where consumers have different searching abilities is shown to be indistinct from a homogeneous case when consumers are uniformly distributed.
Identifier: CFH2000495 (IID), ucf:45647 (fedora)
Note(s): 2019-05-01
B.S.
College of Business Administration, Economics
Bachelors
This record was generated from author submitted information.
Subject(s): piracy
copyright protection
microeconomic theory
optimization
economic theory
consumer welfare
Persistent Link to This Record: http://purl.flvc.org/ucf/fd/CFH2000495
Restrictions on Access: campus 2020-05-01
Host Institution: UCF

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