We investigate private and social incentives for standardization to ensure market-wide system compatibility in a two …-dimensional spatial competition model. We develop a new methodology to analyze competition on a torus and show that there is a fundamental … conflict of interest between consumers and producers over the standardization decision. Consumers prefer standardization with …

We analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products …

We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching … consumers are trapped into one technology for sure only occurs for intermediate values of switching costs, whereas for large … compatible and to create additional switching costs. -- Network effects ; switching costs ; Bertrand competition ; market …

This paper proposes a model for a certification market with an imperfect testing technology. Such a technology only …. When only one certifier with such testing technology is present in the market, it is found that this monopoly certifier can … be completely ignored in equilibrium, in contrast to the prediction of a model with perfect testing technology. A …