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. Incentive compatibility is emphasized in studying core concepts at the ex ante and the interim stage.The analysis includes …
Persistent link: https://www.econbiz.de/10005008294
What is the effect of product market integration on the market equilibrium in the presence of international network externalities in consumption? To address this question, we set up a spatial two-country model and we find that the economic forces at work may have an ambiguous effect on prices.
Persistent link: https://www.econbiz.de/10005043254
We analyse firms' incentives to provide two-way compatibility between two network goods with different intrinsic … price competition as well as the compatibility choice. The final degree of compatibility allows firms to manipulate the … overall differentiation. Under weak network effect, full compatibility may arise: the low quality firm has higher incentives …
Persistent link: https://www.econbiz.de/10005043281