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Direct and Indirect Network Effects are Equivalent: A Comment on “Direct and Indirect Network Effects: Are They Equivalent?”

Church, Jeffrey; Gandal, Neil - C.E.P.R. Discussion Papers - 2012

do not, in the case of indirect network effects, make standardization more likely, but (ii) indirect network effects are … associated with excessive standardization. We show in Clements’ framework that neither of these results are correct …: standardization is more likely as the number of software firms increases and when the type of market equilibrium is unique— there are …

Persistent link: https://www.econbiz.de/10011084429

Legal Evolution, Contract Evolution, and Standardization

Gennaioli, Nicola; Perotti, Enrico C; Ponzetto, Giacomo AM - C.E.P.R. Discussion Papers - 2014

law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …

Persistent link: https://www.econbiz.de/10011084669

Network Effects, Standardization, and the Internet: What Have We Learned From The DVD Vs. DIVX Battle?

Dranove, David; Gandal, Neil - C.E.P.R. Discussion Papers - 1999

standardization, that is, left alone the market may fail to achieve standardization when it is socially desirable and (2) even if the …

Persistent link: https://www.econbiz.de/10005666918

The Rules of Standard Setting Organizations: An Empirical Analysis

Chiao, Benjamin; Lerner, Josh; Tirole, Jean - C.E.P.R. Discussion Papers - 2007

This paper empirically explores standard-setting organizations’ policy choices. Consistent with Lerner-Tirole (2006), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive...

Persistent link: https://www.econbiz.de/10005792070

Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium

Chisari, Omar; Estache, Antonio; Nicodème, Gaëtan - C.E.P.R. Discussion Papers - 2013

This paper assesses the effects of applying VAT or a sales tax on (intermediate or final) sales of the financial sector. It uses a CGE Model calibrated for a small open economy. It highlights the differentiated sectoral and redistributional effects of these taxes and shows the importance of the...

Persistent link: https://www.econbiz.de/10011084284

Offshore Financial Centres: Parasites or Symbionts?

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2005

This paper analyses the causes and consequences of offshore financial centers (OFCs). Since OFCs are likely to be tax havens and money launderers, they encourage bad behaviour in source countries. Nevertheless, OFCs may also have unintended positive consequences for their neighbours, since they...

Persistent link: https://www.econbiz.de/10005114144

Non-Economic Engagement and International Exchange: The Case of Environmental Treaties

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2006

We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...

Persistent link: https://www.econbiz.de/10005666580

A Gravity Model of International Lending: Trade, Default and Credit

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2002

One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with which they share closer trade links. We develop a simple theoretical model to capture this...

Persistent link: https://www.econbiz.de/10005789181