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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
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 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 "tragedy of the anticommons". In this paper we identify some conditions under which the tragedy is...
Persistent link: https://www.econbiz.de/10014212971
Market mechanism may or may not throw up compatibility in markets for systems where network effect arises due to complementarity of component parts of a system. We consider a game, where, in stage 1, the firms decide whether to standardise on a single technological platform or not and at the...
Persistent link: https://www.econbiz.de/10014070892
and the possibility of side payments. With incompatibility, entry deterrence occurs for sufficiently strong network …
Persistent link: https://www.econbiz.de/10014029696
, 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/10014024585
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 …
Persistent link: https://www.econbiz.de/10014026899
Persistent link: https://www.econbiz.de/10014026985
The existing literature suggests that an incumbent monopolist supplier of a network good can successfully deter entry … to play its preemptive role to deter entry, the monopolist can deter entry, strategically by revealing its R … entry deterrence is welfare reducing …
Persistent link: https://www.econbiz.de/10014029130
, 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