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This paper estimates the importance of network effects in the market for Yellow Pages. I estimate three simultaneous equations: consumer demand for usage of a directory, advertiser demand for advertising and a publisher's first-order condition (derived from profit-maximizing behavior)....
Persistent link: https://www.econbiz.de/10014120232
Facebook, Amazon, Netflix and Google, as well as Twitter – the FANG companies – have transformed society with both positive and negative effects. Soaring consumer access to information, news, social networks, and entertainment has been stimulated by the ever-more ubiquitous and falling...
Persistent link: https://www.econbiz.de/10011990829
platforms. Cross-market platform competition exists, i.e., app and ad platforms compete for developers' revenue sources to earn … development of a unified model to examine them jointly. The results provide novel implications for competition policy, which could … not be reached without consideration for cross-market platform competition …
Persistent link: https://www.econbiz.de/10013211832
This paper surveys a variety of topics related to network economics. Topics covered include: consumer demand under network effects, compatibility decisions and standardization, technology advances in network industries, two-sided markets, information networks and intellectual property, and...
Persistent link: https://www.econbiz.de/10008658443
between the old andthe new technology and on whether firms compete in prices. Without price competition, a partiallock …-in occurs if (and only if) the quality difference is small. In the presence of price competition,lock-in in the traditional …
Persistent link: https://www.econbiz.de/10011304401
competition among CPs strongly reduces their profits, in the Unregulated Regime ISPs can use termination fees to induce …
Persistent link: https://www.econbiz.de/10010201164
analyzed in the polar cases of perfect competition and monopoly. We find that, while under perfect competition both types of …
Persistent link: https://www.econbiz.de/10011527257
, within an established railway network with every track being profitable, competition on just some tracks can result in a … profitability of the network. Hence, weakening these network effects might be crucial. As a result, efficient intermodal competition … on some routes might cause the abandoning of other routes that are not facing any competition. This effect has to be …
Persistent link: https://www.econbiz.de/10009684660
In this paper, I analyze the incentives of a monopolistic platform to open its infrastructure to an entrant on the buyer side of the market. If buyer and seller demands are linear and identical, and if the entrant operates on a separate market, I show that entry distorts the price structure in...
Persistent link: https://www.econbiz.de/10013087575
This paper surveys a variety of topics related to network economics. Topics covered include: consumer demand under network effects, compatibility decisions and standardization, technology advances in network industries, two-sided markets, information networks and intellectual property, and...
Persistent link: https://www.econbiz.de/10013069905