Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/248610 
Year of Publication: 
2021
Series/Report no.: 
ISER Discussion Paper No. 1151
Publisher: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Abstract: 
We experimentally examine the impact of a cycle path on the trading of a copyable information good in networks. A cycle path in a network permits a buyer to become a reseller that can compete against existing sellers by replicating the good. Theory predicts that the price of the information good, even with the first transaction where there is not yet a reseller competing with the original seller, will be lower in networks with a cycle path than otherwise. However, our experiment reveals that the observed price for the first transaction is significantly higher in networks with a cycle path.
Subjects: 
Information good
Network
JEL: 
D42
L14
Document Type: 
Working Paper

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