| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5573 |
| DP5573 An Equilibrium Model of 'Global Imbalances' and Low Interest Rates | |
| Ricardo Caballero; Pierre-Olivier Gourinchas; Emmanuel Farhi | |
| 发表日期 | 2006-03-22 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper develops a simple model of piracy to analyze its effects on prices and welfare and to study the optimal enforcement policy. A monopolist produces an information good (involving a 'large' development cost and a 'small' reproduction cost) that is sold to two groups of consumers differing in their valuation of the good. We distinguish two settings: one in which the monopoly is regulated and one in which it maximizes profits and is not regulated, except that the public authority may be responsible for the control of piracy. We show that copying or piracy might be welfare enhancing because it is a way to 'provide' the good to some individuals (those with a low willingness to pay) without undermining the firm?s ability to finance the development cost via the pricing scheme applied to high valuation consumers. The level of piracy control differs according to the regulatory environment. Three levels of piracy control emerge. The highest is the one chosen by the private monopoly. The next level is the one chosen by the regulated monopoly. The lowest, that can be zero, is the level of control chosen by the public authority when the good is sold (and priced) by a private monopoly. |
| 主题 | Public Economics |
| 关键词 | Piracy Copying Intellectual property Information good |
| URL | https://cepr.org/publications/dp5573 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534426 |
| 推荐引用方式 GB/T 7714 | Ricardo Caballero,Pierre-Olivier Gourinchas,Emmanuel Farhi. DP5573 An Equilibrium Model of 'Global Imbalances' and Low Interest Rates. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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