Hałaburda, Hanna; Jullien, Bruno; Yehezkel, Yaron - 2016 - September 2013, revised March 2016
We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the …-quality platform remain focal? In the finite-horizon case, the unique equilibrium is efficient for "patient" platforms; with an … quality is lower, and this probability increases as platforms become more patient. Hence social welfare may decline as …