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Overcoming the Coordination Problem : Dynamic Formation of Networks

Ochs, Jack N.; Park, In-Uck - 2009

equilibrium arbitrarily closely as the discount factor approaches one. This resolves the coordination problem which is prevalent …

Persistent link: https://www.econbiz.de/10014065980

The effect of endogenous timing on coordination under asymmetric information : an experimental study

Brindisi, Francesco; Çelen, Boğaçhan; Hyndmann, Kyle - In: Games and economic behavior 86 (2014), pp. 264-281

Persistent link: https://www.econbiz.de/10011304980

Optimal degree of public information dissemination

Cornand, Camille; Heinemann, Frank - 2006

conclude that it might be better to reduce the precision of public signals or entirely withhold information. This paper shows … that public information should always be provided with maximum precision, but under certain conditions not to all agents …

Persistent link: https://www.econbiz.de/10010366530

Two-part tariff competition between two-sided platforms

Reisinger, Markus - In: European Economic Review 68 (2014) C, pp. 168-180

properties. The equilibrium stays unique as the heterogeneity vanishes, thereby selecting a unique equilibrium from the continuum …

Persistent link: https://www.econbiz.de/10010776778

Monopoly and the Incentive to Innovate When Adoption Involves Switchover Disruptions

Holmes, Thomas J.; Levine, David K.; Schmitz, James A. - In: American Economic Journal: Microeconomics 4 (2012) 3, pp. 1-33

Arrow (1962) argued that since a monopoly restricts output relative to a competitive industry, it would be less willing to pay a fixed cost to adopt a new technology. We develop a new theory of why a monopolistic industry innovates less. Firms often face major problems in integrating new...

Persistent link: https://www.econbiz.de/10010599056

A Price Theory of Multi-sided Platforms

Weyl, E. Glen - In: American Economic Review 100 (2010) 4, pp. 1642-72

I develop a general theory of monopoly pricing of networks. Platforms use insulating tariffs to avoid coordination …-Charles Rochet and Jean Tirole (2006) model of two-sided markets turns on the nature of user heterogeneity. I propose a more … plausible, yet equally tractable, model of heterogeneity in which users differ in their income or scale. My approach provides a …

Persistent link: https://www.econbiz.de/10008645030

Aftermarkets : The monopoly case

de Bijl, P.W.J. - Tilburg University, Center for Economic Research - 1995

Consider a monopolist who sells a durable good, and repairs the good if it breaks down. Suppose that contracts that specify future repair prices cannot be written, so that there is an aftermarket" situation. When consumers are risk-averse, the monopolist chooses inefficiently high repair prices;...

Persistent link: https://www.econbiz.de/10011092790

Dynamic Platform Design

Veiga, Andre - NET Institute - 2014

Abstract I model dynamic product design along price and non-price dimensions by a firm in a market with positive network externalities between consumers. In the case of a usage fee, I provide conditions under which the steady state (SS) is unique and show that the introductory price is negative...

Persistent link: https://www.econbiz.de/10010934839

Open Versus Closed Platforms

Tåg, Joacim - 2008

This paper studies an industry in which firms can choose to provide open or closed platforms. Open platforms, as opposed to closed, are extendable so third-party producers can develop extensions for them. Building on a two-sided market model, I show that firms might prefer to commit to keeping...

Persistent link: https://www.econbiz.de/10010320284

Verhandelter Netzzugang

Engel, Christoph - 2002

, coordination of competing demands of access. Under the conditions of the rule of law, this is highly ambitious. The paper …

Persistent link: https://www.econbiz.de/10010324017