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New technology is usually expensive and it takes time for manufacturers to make the technology more accessible. In the stereo industry, the first Super Audio Compact Disk (SACD) player made by Sony, SCD-1, sold for $5,000 in 1999; in 2002 the cheapest of Sony's new SACD players, SCD-CE775, had a...
Persistent link: https://www.econbiz.de/10005342349
This paper presents a model of price screening for goods with network effects, by a monopoly seller, and by an entry …
Persistent link: https://www.econbiz.de/10005702636