Local network externalities are present when the network externalities associated with entering a certain network … the consequences of local network externalities within a framework where two networks compete on the Hotelling circle. We … first show that local network externalities, in contrast to global network externalities, do not sharpen competition. Then …

This paper considers a model of two interconnected networks with different qualities. There are call externalities in … externalities create private incentives for each competitor to charge low access prices. This result moderates the risk of tacit …

We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the …