Illegal online file sharing costs companies tens of billions of dollars of lost revenues around the world annually and results in lost productivity, various psychological issues, and significant reduction of incentives to create and innovate. Legislative, technical, and enforcement efforts have failed. This book presents psychological theories about why people illegally share files online; analyzes and characterizes optimal sanctions for illegal online file sharing; introduces new models for pricing of network-access and digital-content to help reduce illegal online file sharing; introduces new content control and P2P systems; and explains why game theory does not work in pricing of network access.
Table of Contents
Introduction. Economic Psychology Issues Inherent in Illegal Online Filesharing by Individuals and Institutions. Corporate Governance and the Economics of Digital Content: Some Legal Issues. Complexity and Optimal Sanctions for Illegal Online Filesharing under Un-Constrained Transferable Utility and Unknown Demand. Economics of Digital Content: New Digital Content-Control and Anti-P2P Systems/Methods. A Survey of Critical Issues in Digital Piracy and Content Pricing. Pricing Digital Content: The Marginal Cost and Open Access Controversies. Human Decisions, Conflict-Resolution and the Pricing of Differentiated Digital Goods in Legal P2P and Client-Server Networks under Un-Constrained Transferable Utility and Unknown Demand; and the Firm’s Distribution Choices. Shapley Value and Network Access Pricing. Stackelberg Analysis and Network Access Pricing. Illegal Filesharing and Network Access Pricing. Conclusion. Appendices.
Michael Nwogugu, CPA (inactive; USA), CMA (inactive; USA), is an Author, Entrepreneur and Consultant. Mr. Nwogugu was most recently an Executive Vice President at an internet-based sports entertainment company in the US; and has held senior management and Board of Director positions in companies in the US and Nigeria. Mr. Nwogugu has completed mergers, acquisitions, reorganizations, joint ventures and strategic alliances that were collectively worth more than US$10 Billion. Mr. Nwogugu has advised Boards of Directors and senior management about sensitive issues such as executive compensation; exemptions from franchising disclosures, labor/employee classifications; tax consequences; complex accounting; cost reduction; transfer pricing; incentive plans, strategy; etc Mr. Nwogugu has conducted due diligence on more than six hundred commercial mortgages ($3.5+ Billion), more than six hundred business loans ($3+ Billion) and more than four hundred and fifty commercial real estate leases ($2.75+ Billion). Mr. Nwogugu has served as an Article Reviewer for the Journal of Economics & Finance; Information, Communication and Society; Economic Modelling; Urban Affairs Review; British Journal of Management; Technology Analysis & Strategic Management; and Journal of Economics & Business. Mr. Nwogugu has written and published articles in international referred journals such as Managerial Auditing Journal; International Journal of Law & Management; Journal of Hedge Funds & Derivatives, Applied Mathematics & Computation; Journal Of International Banking Law & Regulation; Computer & Telecommunications Law Review; Journal Of Risk Finance; Corporate Control & Ownership; International Journal Of Mathematics, Game Theory & Algebra; Banking Law Journal (US); Journal Of Bankruptcy Law (Pratts; US); and Chaos & Complexity Letters (US). Mr. Nwogugu’s articles have been cited as authoritative evidence in court cases in the US. Mr. Nwogugu wrote the book titled "Risk In the Global Real Estate Market" (John Wiley & Sons; 2012); and is now completing four books, two of which are titled "Earnings Management, Incentives & Economic Growth" and "Mechanism Design, Systemic Risk And Risk Regulation Institutions" both of which will be published by Ashgate/Gower in 2015. Mr. Nwogugu earned a B.Sc. (Architecture) degree from University of Nigeria (Nigeria); a B.Arch. (Architecture) degree from the City University of New York, and an M.B.A. degree from Columbia University (NewYork City, USA). Mr. Nwogugu attended Suffolk University Law School’s Juris Doctor degree program for two years, and is currently an External PhD (Law & Economics) candidate at a university in Europe.