Tuesday, October 30, 2007

The Piracy Paradox.

James Surowiecki argues that piracy is not bad for the fashion business. Exact quote-

"There’s little evidence that knockoffs are damaging the business. Fashion sales have remained more than healthy—estimates value the global luxury-fashion sector at a hundred and thirty billion dollars— and the high-end firms that so often see their designs copied have become stronger."

The term "Piracy Paradox" comes from this paper by Kal Raustiala and Christopher Sprigman.