Counterfeit Goods and Income Inequality
Oligopoly and Other Forms of Market Imperfection, Firm Strategy, And Market Performance, [Consumer goods;Economic models;Income distribution;counterfeit goods, vertical product differentiation, inequality, product differentiation, market structure, consumer surplus, patent protection, Market Structure and Pricing]
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 ef...