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influenced by BRIAN W. ARTHUR's theory of path dependence claiming (1) that high-technology markets being subject to network … dependence theory is only a theoretical curiosity that lacks empirical evidence. The predominance of a certain technology and … Microsoft's monopoly as it was claimed by the courts within their 'applications barrier to entry' theory. I claim that current …
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A new wave of technological innovations, often called 'fintech,' is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech...
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Micro, small, and medium-sized enterprises (MSMEs) are recognized as crucial drivers of economic development, particularly in low- and middle-income countries. The advent of digital platforms, characterized by economies of scale and significant cross-network externalities in two-sided markets,...
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