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specifications, full incompatibility and preemption are again observed at the equilibrium. With incompatibility, entry deterrence …
Persistent link: https://www.econbiz.de/10005134422
specifications, full incompatibility and preemption are again observed at the equilibrium. With incompatibility, entry deterrence …
Persistent link: https://www.econbiz.de/10005729356
and the possibility of side payments. With incompatibility, entry deterrence occurs for sufficiently strong network …
Persistent link: https://www.econbiz.de/10005471702
tips to monopoly, after which entry is hard, often even too hard given incompatibility. And while switching costs can … encourage small-scale entry, they discourage sellers from raiding one another`s existing customers, and so also discourage more … aggressive entry. Because of these competitive effects, even inefficient incompatible competition is often more profitable than …
Persistent link: https://www.econbiz.de/10010605205
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/10010956803
The presence of multiple sellers in the provision of (non-substitutable) complementary goods leads to outcomes that are worse than those generated by an integrated monopoly, a problem also known as the «tragedy of the anticommons». In this paper we identify some conditions under which the...
Persistent link: https://www.econbiz.de/10010786928
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/10010329228
, it later 'tips' to monopoly, after which entry is hard, often even too hard given incompatibility. And while switching … costs can encourage small-scale entry, they discourage sellers from raiding one another’s existing customers, and so also … discourage more aggressive entry. Because of these competitive effects, even inefficient incompatible competition is often more …
Persistent link: https://www.econbiz.de/10005124423
incumbent can block entry choosing an empty compatibility interval. At the subgame perfect equilibrium, incompatibility prevails … quality segments and low costs of compatibility. Finally there is no entry if the quality segment is small and the …
Persistent link: https://www.econbiz.de/10005696808
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