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This paper surveys a variety of topics related to network economics. Topics covered include: consumer demand under … network effects, compatibility decisions and standardization, technology advances in network industries, two-sided markets …
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The study generalizes the structure of network effects that is the defining feature of platforms. By adapting graph … theory and the micro-foundation from Ballester et al. (2006), I discuss the monetization strategy for platforms that confront … the demand with pair-wised network effects (e.g. Facebook). In the model, consumers choose how much (time) to consume in …
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This paper uses network theory to argue that the consequences of horizontal ownership by large investment institutions … calculations and identify a method already developed in network theory that could help us perform them. I also show that in some … are more complicated than, and sometimes completely the opposite of, what conventional economic theory predicts …
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efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core … counterfactual analyses, taking into account that the network and production can dynamically adjust to shocks or policy interventions ….6%. Our study further reveals that when ignoring the network structure the impact of firm exit or mergers is significantly …
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