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Bloch, Francis; Quérou, Nicolas - HAL - 2008

This paper studies optimal pricing in networks in the presence of local consumption or price externalities. It analyzes the relation between prices and nodal centrality measures. Using an asymptotic approach, it shows that the ranking of optimal prices and strategies can be reduced to the...

Persistent link: https://www.econbiz.de/10008794143

Competing Technologies, Technological Monopolies and the Rate of Convergence to a Stable Market Structure

Bassanini, Andrea; Dosi, Giovanni - HAL - 1999

Empirically the diffusion of competing technologies most often displays either "lock-in" to a quasi-monopoly or apparent turbulence but rarely stable market-sharing. In contrast with widespread views, we show that, first, unbounded increasing returns are neither necessary nor sufficient to lead...

Persistent link: https://www.econbiz.de/10008794305

Bank capital shock propagation via syndicated interconnectedness

Nirei, Makoto; Caballero, Julián; Sushko, Vladyslav - Bank for International Settlements (BIS) - 2015

Loan syndication increases bank interconnectedness through co-lending relationships. We study the financial stability implications of such dependency on syndicate partners in the presence of shocks to banks' capital. Model simulations in a network setting show that such shocks can produce rare...

Persistent link: https://www.econbiz.de/10011144120

The competition law and retail payment services: The directive 2007/64 EC

Gabriella, Gimigliano - In: Banca Impresa Società (2009) 2, pp. 269-298

The paper deals with the competition policy and the retail payment services in the European Union according to a network externalities approach. It will analyze the rationale of the directive 2007/64 EC, paying attention to the rules which might interfere with the performance of the antitrust...

Persistent link: https://www.econbiz.de/10011157776

Search algorithms and the boundaries of antitrust law and economics

Alberto, Urso - In: Mercato Concorrenza Regole (2013) 1, pp. 45-82

The paper examines the conducts that are the object of the investigations for abuseof dominance brought against Google by the European Commission and the FederalTrade Commission, with particular emphasis on the manipulation of natural searchalgorithms. Brought the relevant market within the...

Persistent link: https://www.econbiz.de/10011157875

Antitrust on the "G" String

Andrea, Renda - In: Mercato Concorrenza Regole (2012) 2, pp. 273-296

The paper illustrates the main allegations that have led the European Commission to start an investigation against Google for abuse of dominance. These are related to the manipulation of Google's algorithm; the imposition of exclusivity clauses in contracts with web- publishers and advertisers;...

Persistent link: https://www.econbiz.de/10011157962

Research on technology standards: Accomplishment and challenges

Narayanan, V.K.; Chen, Tianxu - In: Research Policy 41 (2012) 8, pp. 1375-1406

In this paper, we organize the fragmented management literature on technology standards according to a meta-theoretical scheme originally proposed by Astley and Van de Ven. We review over 89 relevant papers in influential journals in management, marketing and management-related disciplines. We...

Persistent link: https://www.econbiz.de/10011046416

“Climbing the hierarchical ladders of rules”: A life-cycle theory of institutional evolution

Brousseau, Eric; Raynaud, Emmanuel - In: Journal of Economic Behavior & Organization 79 (2011) 1, pp. 65-79

This paper proposes an analysis of the emergence and evolution of institutional frameworks. It explains the causes, process, and outcome of institutional evolution. We first describe the institutional framework as a multilevel system at the bottom of which several “local and flexible”...

Persistent link: https://www.econbiz.de/10011048234

Coordinating adoption decisions under externalities and incomplete information

Aoyagi, Masaki - In: Games and Economic Behavior 77 (2013) 1, pp. 77-89

A monopolist sells a good whose value depends on the number of buyers who adopt it as well as on their private types. The seller coordinates the buyersʼ adoption decisions based on their reported types, and charges them the price based on the number of adoptions. We study ex post implementable...

Persistent link: https://www.econbiz.de/10011049855

Coordination and Lock-In: Competition with Switching Costs and Network Effects

Farrell, Joseph; Klemperer, Paul - Institute of Business and Economic Research (IBER), … - 2006

random events, it later â€œtips" 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 anotherâ€™s existing customers, and so … also discourage more aggressive entry. Because of these competitive effects, even inefficient incompatible competition is …

Persistent link: https://www.econbiz.de/10011131687