nep-cul New Economics Papers
on Cultural Economics
Issue of 2005‒07‒25
two papers chosen by
Roberto Zanola
Universita degli Studi del Piemonte Orientale

  1. Piracy as Strategy? A Reexamination of Product Piracy By JULIO DE CASTRO
  2. Are Sports Teams Multi-Product Firms? By Kenneth G. Stewart; J. C. H. Jones

  1. By: JULIO DE CASTRO (Instituto de Empresa)
    Abstract: (WP 08/04 Clave pdf) To explore the impact that piracy has on demand for legal versions of a product and firm performance, we use the literatures of information economics and strategic management to expand the analysis of piracy to markets other than software. Our paper helps clarify the nature of customer demand for legal versions of products, and gain a deeper understanding of the way that piracy can enhance the performance of those firms that own the intellectual property. We contend that although piracy represents unauthorized imitation of a firm’s intellectual property, there are some circumstances when piracy can improve the value of the intellectual property.
    Date: 2004–03
  2. By: Kenneth G. Stewart (Department of Economics, University of Victoria); J. C. H. Jones (Department of Economics, University of Victoria)
    Abstract: The appropriate conception of team outputs is investigated by estimating a two-output factor demand system for baseball teams, relative to which single-output models are rejected. There is, however, some empirical support for output separability, suggesting that team outputs may sometimes be adequately treated as a production aggregate.
    Keywords: Sports economics, multi-output production
    JEL: D24 L83
    Date: 2005–07–21

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