This paper explores an economic impact of digital rights management(DRM). DRM is an essential platform that enables protecting various rights of digital contents, facilitating their distribution and establishing a payment system with which contents creators and/or providers can recover their ex ante investments. It is, however, a noteworthy fact that DRM can also hold some elements, such as reduction of usability, creation of deadweight loss and entry barrier, that may diminish individual and/or social benefi…
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