Showing 1 - 10 of 27
This paper analyses market competition between two different types of payment schemes: card associations and proprietary systems. The main focus is on the role of the collective setting of the interchange fee by members of the association. We describe the sterilising role of the interchange fee:...
Persistent link: https://www.econbiz.de/10009228901
This paper analyses market competition between two different types of payment schemes: card associations and proprietary systems. The main focus is on the role offthe collective setting of the interchange fee by members of the association. We describefthe sterilising role of the interchange fee:...
Persistent link: https://www.econbiz.de/10012717833
We study the strategic choice of compatibility between two initially incompatible network goods in a two-stage game played by an incumbent and an entrant firm. Compatibility may be achieved by means of a converter. We derive a number of results under different assumptions about the nature of the...
Persistent link: https://www.econbiz.de/10014029696
We study the strategic choice of compatibility between two initially incompatible software packages in a two-stage game by an incumbent and an entrant firm. Consumers enjoy network externality in consumption and maximise expected surplus over the two periods. Compatibility may be achieved by...
Persistent link: https://www.econbiz.de/10005099608
This paper introduces the class of mean defined supermodular games. The characteristic feature of these games is that, given an order on the strategy sets of the players, the payoff to each player depends on his own strategy and the average of the population play. We characterise the set of the...
Persistent link: https://www.econbiz.de/10005129636
Persistent link: https://www.econbiz.de/10001623930
Persistent link: https://www.econbiz.de/10011550583
The paper considers a simple oligopoly model where firms know their own and the average pay-off in the industry. Firms choose decision rules for trading. The theory predicts that there are three types of Nash-equilibria in this game (Collusive, Cournot and Stackelberg). Our experiments test the...
Persistent link: https://www.econbiz.de/10012734665
In this paper we present a theoretical model to study the characteristics and the commerciaI sustainability of dual licensing, an open source (OS) business strategy that has gained popularity among software vendors. With dual licensing, a firm releases the same software product under both a...
Persistent link: https://www.econbiz.de/10008542577
Broadband access provides users with high speed connectivity to the Internet. BB is seen as the way for users to exploit the potentials of new applications. This has generated a policy debate on how to stimulate adoption of broadband technology. One of the most disputed issues is about...
Persistent link: https://www.econbiz.de/10010629503