Piracy and limited liability

Abstract

Piracy, Limited liability, Income distribution, L12, O34,

Is the Devil in the Data? A Literature Review of Piracy Around the World

“…They argue that piracy is a major factor in a monopolistic software producer's decision matrix of efficiency and quality in the short and long run. Chang et al (2008) research ender‐user piracy in a monopolized software industry setting in which consumers have a heterogeneous income and limited liability. Other important studies using utility functions include Johnson (1985), Novos and Waldman (1984), Shy and Thisse (1999), Gayer and Shy (2003), Gayer and Shy (2000), Qiu (2006) and Kiema (2008).…”

Avoiding commercial piracy

“…If the pirate's illegal operations are 2 See Peitz and Waelbroeck (2006) for a survey of piracy in which copies are made exclusively by end consumers. 3 Limit price has been analyzed in models with end-user copying, as in Bae and Choi (2006) and Chang et al (2008). 4 See López-Cuñat and Martínez-Sánchez (2010) for a critical, detailed analysis of Banerjee's model.…”

Anti-piracy policy and quality differential in markets for information goods

“…Therefore, the incumbent commits to the price of the original product. We will discuss later the relaxation of such hypothesis.4 Piracy deterrence has been analyzed in models with end-users copying, as inBae and Choi (2006) andChang et al (2008).5 The pirate decides first on entry an then, in the case of entry, the pirate and the incumbent make simultaneous decisions on prices.…”