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Chapter 31 Coordination and Lock-In: Competition with Switching Costs and Network Effects
Farrell, Joseph; Klemperer, Paul - In: Handbook of industrial organization : volume 3, (pp. 1967-2072). 2007
pricing, introductory offers, and price wars. Such “competition for the market” or “life-cycle competition” can adequately … replace ordinary compatible competition, and can even be fiercer than compatible competition by weakening differentiation …. More often, however, incompatible competition not only involves direct efficiency losses but also softens competition and …
Persistent link: https://www.econbiz.de/10014024585
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Chapter 2. The Advertising-Financed Business Model in Two-Sided Media Markets
Anderson, Simon P.; Jullien, Bruno - 2015
This chapter focuses on the economic mechanisms at work in recent models of advertising finance in media markets developed around the concept of two-sided markets. The objective is to highlight new and original insights from this approach, and to clarify the conceptual aspects. The chapter first...
Persistent link: https://www.econbiz.de/10014025251
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A Theory of Rent Seeking with Informational Foundations
Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2006
microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …
Persistent link: https://www.econbiz.de/10005788985
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Outside Options and the Failure of the Coase Conjecture
Board, Simon; Pycia, Marek - In: American Economic Review 104 (2014) 2, pp. 656-71
A buyer wishes to purchase a good from a seller who chooses a sequence of prices over time. Each period the buyer can also exercise an outside option, abandoning their search or moving on to another seller. We show there is a unique equilibrium in which the seller charges a constant price in...
Persistent link: https://www.econbiz.de/10010815668
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Weak Versus Strong Net Neutrality
Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2014
negative impact from such regulation on ISP investment. Counter to many claims, it is argued here that ISP competition may not …
Persistent link: https://www.econbiz.de/10010821684
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Network neutrality on the Internet: A two-sided market analysis
Economides, Nicholas; Tåg, Joacim - In: Information Economics and Policy 24 (2012) 2, pp. 91-104
regulation increases total surplus suggesting that network neutrality regulation could be warranted even when some competition is …
Persistent link: https://www.econbiz.de/10011056742
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The design and efficiency of loyalty rewards
Caminal, Ramon - C.E.P.R. Discussion Papers - 2009
The goal of this paper is to reexamine the optimal design and efficiency of loyalty rewards in markets for final consumption goods. While the literature has emphasized the role of loyalty rewards as endogenous switching costs (which distort the efficient allocation of consumers), in this paper I...
Persistent link: https://www.econbiz.de/10008458297
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Asymmetric Networks in Two-Sided Markets
Ambrus, Attila; Argenziano, Rossella - In: American Economic Journal: Microeconomics 1 (2009) 1, pp. 17-52
This paper investigates pricing decisions and network choices in two-sided markets with network externalities. Consumers are heterogeneous in how much they value the externality. Imposing restrictions on the extent of coordination failure among consumers generates clear qualitative conclusions...
Persistent link: https://www.econbiz.de/10005563201
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Imperfect Tests and Natural Insurance Monopolies
Emons, Winand - C.E.P.R. Discussion Papers - 1997
This paper considers a housing insurance market in which buildings have different damage probabilities. Insurers use imperfect tests to find out about buildings’ damage types. The insurance market is a natural monopoly. If more than one insurer is active, high risk house owners continue to...
Persistent link: https://www.econbiz.de/10005123854
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Coordination and Lock-In: Competition with Switching Costs and Network Effects
Farrell, Joseph; Klemperer, Paul - C.E.P.R. Discussion Papers - 2006
pricing, introductory offers, and price wars. Such 'competition for the market' or 'life-cycle competition' can adequately … replace ordinary compatible competition, and can even be fiercer than compatible competition by weakening differentiation …. More often, however, incompatible competition not only involves direct efficiency losses but also softens competition and …
Persistent link: https://www.econbiz.de/10005124423