Article 2 (Economics) Why Knockoffs Can Help a Strong Brand

2 (Economics) Why Knockoffs Can Help a Strong Brand - Article Exampleo the article has been provided by Renee Goslines study in Massachusetts Institute of Technology and also by Yi Qian of the National Bureau of Economic Research. According to the search findings of the two above mentioned researchers, counterfeits serve as a passage to the original products and have positive effects on the sales of the original brand products.The counterfeits brands consequently according to the article can be said to have more advertising effect than substitution effects and therefore pose no overmuch danger to the original brands. They actually save them from more advertisement charges since sooner or later the consumers realize the difference between the original and the counterfeit and run for to the original. This knockoff effect does not however affect only the dinner gown brands which have trademarks and are protected by law.The article further explains that even singular creators with their own unique line of designs and creativity can have copies of their work being reproduced. The overall effect and outcome is however the same as that of the formal brands since the consumers will realize the difference of the original and the counterfeit and move to the original.Raustiala, Karl and Springman, Chris. Why Knockoffs Can Help Build a Strong Brand. Freakonomics 9/5/2012. Retrieved from