01602cas a2200241 a 4500 AALejournalIMF001370 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843002 1018-5941 BD-DhAAL BD-DhAAL Scandizzo, Stefania. Counterfeit Goods and Income Inequality / Stefania Scandizzo. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 effect of imitation on firms' profits and consumer welfare depends on the distribution of income within the country. In particular, the greater the level of income inequality the larger the increase in consumer welfare due to the imitation, and the smaller the effect on profits of the state-of-the-art firm. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/013 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/013/001.2001.issue-013-en.xml IMF e-Library