Showing 941 - 944 of 944
We discuss the incentive of an exclusive holder of a technology to share it with competitors in a market with network externalities. We assume that high expected sales increase the willingness to pay for the good. This is named the "network effect". At a stable fulfilled expectations...
Persistent link: https://www.econbiz.de/10005561463
We analyze two and three-dimensional variants of Hotelling's model of differentiated products. In our setup, consumers can place different importance on each product attribute; this is measured by a weight in the disutility of distance in each dimension. Two firms play a two-stage game; they...
Persistent link: https://www.econbiz.de/10005561493
This article analyzes the competition and integration among complementary products that can be combined to create composite goods or systems. The model generalizes the Cournot duopoly complements model to the case in which there are multiple brands of compatible components. It analyzes...
Persistent link: https://www.econbiz.de/10005658474
The author compares the incentives firms have to produce individual components compatible with components of other manufacturers instead of "systems" composed of components that are incompatible with components of competing manufacturers. He shows that, even in the absence of positive...
Persistent link: https://www.econbiz.de/10005573562