There has been considerable interest recently on developing a system to track items like pharmaceutical drugs or food products. Such a system can help prevent counterfeits, aid product recall, and improve general logistics. In this paper, we present such system based on radio frequency identity (RFID) technology. Our solution provides the means of storing the entire movement of the item from or...

There has been considerable interest recently on developing a system to track items like pharmaceutical drugs or food products. Such a system can help prevent counterfeits, aid product recall, and improve general logistics. In this paper, we present such system based on radio frequency identity (RFID) technology. Our solution provides the means of storing the entire movement of the item from or...

This study empirically investigates the combined effects of social factors such as word-of-mouth (WOM) and individual psychological moral judgment saving face on consumers’ purchases counterfeit luxury goods. Using a snowball sampling method, we gathered data from 257 Chinese consumers who had purchased counterfeits tested our hypotheses using hierarchical multiple regression model. We found th...

India, the leading supplier of low-cost generic drugs to Africa, has begun fi ghting back to counter the confusion surrounding counterfeit drugs in the region. A raft of new and proposed anti-counterfeit laws could potentially deprive Africa of aff ordable, essential medicines. The immediate cause of concern is Kenya’s Anti-Counterfeit Act 2008, which came into eff ect in July, 2009. The new la...

Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded offi cial Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Ban...

Product counterfeiting in online platforms is an increasingly serious problem causing estimated losses of billions of dollars every year. The huge number of online shops and offered products call for largely automated approaches to identify likely counterfeits, although identifying counterfeits is very difficult even for humans. The authors propose the adoption of a semiautomatic workflow to in...

The incidence of currency counterfeiting and the possible total stock of counterfeits in circulation are popular topics of speculation and discussion in the press and are of substantial practical interest to the U.S. Treasury and the U.S. Secret Service. This paper assembles data from Federal Reserve and U.S. Secret Service sources and presents a range of estimates for the number of counterfeit...