Intellectual Property
Jun. 17, 2009
When the Legal Market and the Black Market Collide
David Sugden's book "Gray Markets" explores the intersection of the legal market and the black market.
By David R. Sugden
Not long ago, brand owners could take comfort in the intrinsic barriers hampering black marketers. While most large cities have places known by its dwellers to be sources of cheap goods of dubious origin, consumers have to consciously decide to explore these markets instead of conventional establishments. Canal Street in New York's Chinatown is a well-known example. The street is lined with densely packed shops offering watches, pur...
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