AN EXPERIMENTAL UNDERSTANDING OF TRANSACTION UTILITY IN PIRACY

The present paper conducts a laboratory experiment with a sample of 209 students from Jadavpur University, Kolkata, India, within age group of 18-23 to study the prevalence of transaction utility in product piracy decision of the consumers. The experiment with four different treatments, treating pri...

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Bibliographic Details
Published inJournal of economic development Vol. 47; no. 4; pp. 123 - 141
Main Authors Basu, Paulomi, Banerjee, Tanmoyee, Mitra, Santanu
Format Journal Article
LanguageEnglish
Published Seoul The Economic Research Institute, Chung-Ang University 01.12.2022
Subjects
Attitudes
College students
Consciousness
Consumer behavior
Consumers
Experiments
Laboratories
Motion pictures
Music
Piracy
Regression analysis
Borja Spain
Spain
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ISSN0254-8372

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Summary:The present paper conducts a laboratory experiment with a sample of 209 students from Jadavpur University, Kolkata, India, within age group of 18-23 to study the prevalence of transaction utility in product piracy decision of the consumers. The experiment with four different treatments, treating price of original good as reference price for potential pirates uses standard descriptive statistics and logistic regression with clustered standard error at individual level to show that transaction utility is the statistically significant factor affecting the likelihood of piracy. Further, males and students belonging to Humanities are more inclined to product piracy.
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ISSN:0254-8372