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We present a theory for why it might be rational for a platform to limit the number of applications available on it. Our model is based on the observation that even if users prefer application variety, applications often also exhibit direct network effects. When there are direct network effects,...
Persistent link: https://www.econbiz.de/10008673512
We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies. Specifically, we look at two aspects: (1) competition among different currencies, and (2) competition among exchanges...
Persistent link: https://www.econbiz.de/10010933643
We examine the geography of early stage entrepreneurial finance in the context of an internet marketplace for funding … limited reputations. At the same time, however, observers of the spatial effects of the internet and related technologies … report that many economic activities have become much less geographically dependent. At an aggregate level, the internet …
Persistent link: https://www.econbiz.de/10008673518