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The topography of China's financial network is unique. Is it also uniquely robust to contagion? We explore this question using network theory. We find that networks that are more concentrated are less fragile when connectivity is low. However, they remain vulnerable to the occurrence of...
Persistent link: https://www.econbiz.de/10012436164
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His test essentially asks if consumers are harmed by the pricing practices of the firm in the market in which they purchase the good or service. Even if these firms are monopoly or...
Persistent link: https://www.econbiz.de/10012804859
Facebook, Amazon, Netflix and Google, as well as Twitter – the FANG companies – have transformed society with both positive and negative effects. Soaring consumer access to information, news, social networks, and entertainment has been stimulated by the ever-more ubiquitous and falling...
Persistent link: https://www.econbiz.de/10011990829
technological advantages like scalability. Due to the low homing-costs for users, there is room for competition in each domain but …
Persistent link: https://www.econbiz.de/10012803341
competition as it makes consumer switching and service provider multihoming prohibitively expensive. Moreover, network effects … switching costs and provider multihoming on market structure and competition by means of agent-based modelling. Simulation … results suggest that service provider multihoming plays a key role in increasing market competition when switching costs …
Persistent link: https://www.econbiz.de/10012012283
theory, competition authorities regulate the tying of Microsoft Windows with its Media Player or Internet browser in the EU … and Japan. The authorities also take note of the market power of mobile handset operating systems (OSs) over competition …
Persistent link: https://www.econbiz.de/10011757464