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competition does not necessarily hold. Segmentation equilibrium in which higher seller types choose the more expensive …
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problems such as 'Inter-Technology vs. Intra-Technology Competition' and 'Standardization of Nascent Technologies'. …Over the last decades, technological progress has brought about a multitude of standardization problems. For instance … firms to influence consumers' expectations. Consisting of three models on various aspects of standardization and …
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We study the strategic choice of compatibility between two initially incompatible network goods in a two-stage game played by an incumbent and an entrant firm. Compatibility may be achieved by means of a converter. We derive a number of results under different assumptions about the nature of the...
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We study the strategic choice of compatibility between two initially incompatible network goods in a two-stage game played by an incumbent and an entrant firm. Compatibility may be achieved by means of a converter. We derive a number of results under different assumptions about the nature of the...
Persistent link: https://www.econbiz.de/10014029696
We analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products … equilibrium under compatibility when compared with incompatible products. However, .firms never have strict incentives to achieve … compatibility. Finally, we show the robustness of our results when products are horizontally differentiated. -- Bertrand duopoly …
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