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Cooperation and competition in markets with network externalities or learning curves

Morasch, Karl - 2013

The related phenomena of learning curve and network effects are quite common in oligopolistic markets. In this context the present paper discusses the incentives of a technological leader to share its exclusive technology with potential competitors. An alliance may be preferable because partner...

Persistent link: https://www.econbiz.de/10010222405

Stars in social media: new light through old windows?

Gänßle, Sophia; Budzinski, Oliver - 2019

We review the economics of superstars, originally developed for stars in traditional media, and discuss whether they are applicable for the (allegedly) novel phenomenon of stars in social media (influencer, micro-celebrities). Moreover, we analyse potentially new factors for creating social...

Persistent link: https://www.econbiz.de/10011994966

Does a platform monopolist want competition?

Niedermayer, Andreas - 2015

We consider a software vendor first selling a monopoly platform and then an application running on this platform. He may face competition by an entrant in the applications market. The platform monopolist can benefit from competition for three reasons. First, his profits from the platform...

Persistent link: https://www.econbiz.de/10011345756

Media see-saws : winners and losers on media platforms

Anderson, Simon P.; Peitz, Martin - 2015 - This version: October 2015

consumers we establish see-saws between consumers and advertisers. Entry of a lower-quality platform increases consumer surplus …, but decreases advertiser surplus if industry platform profits decrease with entry. Merger decreases consumer surplus, but …

Persistent link: https://www.econbiz.de/10011491950

Platform competition : Betfair and the U.K. market for sports betting

Casadesus-Masanell, Ramon; Campbell, Neil - 2018

We examine two episodes of strategic interaction in the U.K. betting industry: (i) Betfair (an entrant multi-sided platform, or MSP) vs. Flutter (also an MSP), and (ii) Betfair vs. traditional bookmakers. We find that although Betfair was an underfunded second mover in the betting exchange...

Persistent link: https://www.econbiz.de/10012019905

The perpetual trouble with network products : why IT firms choose partial compatibility

Stadler, Manfred; Tobler Trexler, Céline; Unsorg, … - 2021

Compatibility of network products is an important issue in markets for communication technology as well as hard- and software products. Empirical findings suggest that firms competing in these markets typically choose intermediate degrees of product compatibility. We present a strategic...

Persistent link: https://www.econbiz.de/10012602284

Interoperability between ad-financed platforms with endogenous multi-homing

Bourreau, Marc; Raizonville, Adrien; Thébaudin, Guillaume - 2023

Platform interoperability is considered a powerful tool to promote competition in digital markets when network effects are at play. We study the effect of interoperability on competition between two ad-financed platforms, allowing for endogenous multi-homing of consumers. When the platforms are...

Persistent link: https://www.econbiz.de/10014247369

Adoption of superior technology in markets with heterogeneous network externalities and price competition

Janssen, Maarten C. W.; Mendys-Kamphorst, Ewa - 2000

In this paper we investigate whether markets with heterogeneous network externalities can belocked-in by old technologies even if superior technologies are available. Heterogeneous networkexternalities are present when some consumers care more about the size of the market share of agood than...

Persistent link: https://www.econbiz.de/10011304401

Network externalities, dominant value margins, and equilibrium uniqueness

Choi, Jay Pil; Stefanadis, Christodoulos - 2022

We examine tippy network markets that accommodate price discrimination. The analysis shows that when a mild equilibrium refinement, the monotonicity criterion, is adopted, network competition may have a unique subgame-perfect equilibrium regarding the winner's identity; the prevailing brand may...

Persistent link: https://www.econbiz.de/10013183784

Firm dynamics, dynamic reallocation, variable markups, and productivity behaviour

Savagar, Anthony - 2017

reduces the competitive pressure incumbents face which depresses productivity. Contrarily net entry strengthens competition … that focuses on two industrial features (1) slow firm entry/exit and (2) firm pricing that depends on the number of … tractable DGE model of endogenous firm entry/exit and endogenous markups. …

Persistent link: https://www.econbiz.de/10011717059

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