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dominates in network growth. We find that decreasing content consumption costs (perhaps by changing site design or via search …
Persistent link: https://www.econbiz.de/10009368550
In this article I analyze the effects of a recent reform intended to decrease switching costs in the cellular industry. The reform, implemented in Chile in 2012, allowed cell phone users to switch operators without any contract restriction while keeping their wireless number. Its aim was the...
Persistent link: https://www.econbiz.de/10010905460
Online platforms, such as Google, Facebook, or Amazon, are constantly expanding their activities, while increasing the overlap in their service offering. In this paper, we study the scope and overlap of online platforms' activities, when they are endogenously determined. We model an expansion...
Persistent link: https://www.econbiz.de/10010905475
This paper considers platform competition in a two-sided market that includes buyers and sellers. One of the platforms benefits from a favorable coordination bias in the market, in that the two sides are more likely to join the advantaged platform. We find that the degree of the coordination...
Persistent link: https://www.econbiz.de/10010905476
network externalities between consumers. In the case of a usage fee, I provide conditions under which the steady state (SS) is … consumers whose price-elasticity of demand is large relative to their valuation for network externalities. Finally, we show how … the network's value. …
Persistent link: https://www.econbiz.de/10010934839
selling still boosts up the seller's profit. Embedding a physical network with arbitrary payoff externality among customers …
Persistent link: https://www.econbiz.de/10010930535
This paper provides a thorough analysis of oligopolistic markets with positive demand-side network externalities and …'s rivals' total output as well as in the expected network size. This leads to a generalized equilibrium existence treatment …-firm profits need not be monotonic in the number of competitors, we revisit the concept of free entry equilibrium for network …
Persistent link: https://www.econbiz.de/10008460518
Positive network externalities can arise when consumers benefit from the consumption of compatible products by other …
Persistent link: https://www.econbiz.de/10005760645
Ballester, Calvo-Armengol, and Zenou (2006, Econometrica, 74/5, pp. 1403-17) show that in a network game with local … we search for the key group in such network games, whose members are, in general, different from the players with the …
Persistent link: https://www.econbiz.de/10005760663
A cornerstone of the law and economics approach to standard form contracts is the Òinformed minorityÓ hypothesis: in competitive markets, a minority of term-conscious buyers is enough to discipline sellers from offering unfavorable boilerplate terms. The informed minority argument is widely...
Persistent link: https://www.econbiz.de/10004967588