Series: IMF Working Papers
Author(s): Stefania Scandizzo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2001
Keywords: Consumer goods, Economic models, Income distribution, counterfeit goods, vertical product differentiation, inequality, product differentiation, market structure, consumer surplus, patent protection
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 char...