Showing 1 - 10 of 4,567
We study incumbency advantage in markets with positive consumption externalities. Users of an incumbent platform receive stochastic opportunities to migrate to an entrant. They can accept a migration opportunity or wait for a future opportunity. In some circumstances, users have incentives to...
Persistent link: https://www.econbiz.de/10012195821
Many data situations require the consideration of network effects among the cross-sectional units of observation. In … this paper, we present a generalized panel model which accounts for two features: (i) three types of network effects on the … error components, and (ii) higher-order network effects due to ex-ante unknown network-decay functions or the presence of …
Persistent link: https://www.econbiz.de/10012306579
We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the …
Persistent link: https://www.econbiz.de/10011451079
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the …
Persistent link: https://www.econbiz.de/10011397182
In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented …
Persistent link: https://www.econbiz.de/10011986141
We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market, where Content Providers (CPs) and consumers interact through Internet Service Providers (ISPs), and CPs sell consumers' attention to advertisers. Under Net Neutrality, a...
Persistent link: https://www.econbiz.de/10011305392
This paper studies the decentralized adoption of a technology standard when network effects are present. If the new … simulations establish that excess inertia reduces surplus by 19% relative to the first-best adoption path; network externalities …
Persistent link: https://www.econbiz.de/10012157286
We investigate private and social incentives for standardization to ensure market-wide system compatibility in a two … conflict of interest between consumers and producers over the standardization decision. Consumers prefer standardization with …
Persistent link: https://www.econbiz.de/10010424907
quality of services (QoS). We find that the effects crucially depend on network capacity levels. With limited capacity, as in … traffic management. These results are qualitatively robust to the extension of the ISP’s endogenous choice of network capacity. …
Persistent link: https://www.econbiz.de/10010412363
introduction of discrimination across content depends on a potential trade-off between network access fee and the revenue from the … network can be smaller than that under a neutral regime where such rent extraction effects do not exist. Contrary to ISPs … possibility of the opposite. -- Net neutrality ; investment (innovation) incentives ; queuing theory ; hold-up problem ; two …
Persistent link: https://www.econbiz.de/10003749685