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Deterministic versus Random Utility: Implied Patterns of Vertical Product Differentiation in a Multi-Product Monopoly

Behrens, Christiaan; Lijesen, Mark; Pels, Eric; … - 2012

In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random utility model. Prior research shows that applying such a model in a multi-product setting implies symmetric patterns of product differentiation in which all product variants of a...

Persistent link: https://www.econbiz.de/10010326348

Matching & Information Provision by One-Sided and Two-Sided Platforms

Cañón, Carlos Iván - 2011

This paper studies a “market creating” firm that offers a matching environment, by charging an access fee, to a population of users who wish to form a match. We focus on an environment where users only observe a signal from their randomly assigned partner's type and the signal...

Persistent link: https://www.econbiz.de/10013118585

Screening with Network Externalities

Shi, Fanqi - 2020

Network externality is a prominent feature of increasingly many products: the marginal payoff of one's consumption increases as his neighbors consume more. In- formation of network structure is important to the seller, but is often privately known to the buyers. We model a monopoly's optimal...

Persistent link: https://www.econbiz.de/10012850877

Strategic dynamic pricing with network externalities

Makhdoumi, Ali; Malekian, Azarakhsh; Ozdaglar, Asuman E. - 2017

We study the optimal pricing strategy of a monopolist selling homogeneous goods to multiple buyers over multiple periods. The customers choose their time of purchase to maximize their payoff that depends on their valuation of the product, the purchase price, and the utility they derive from past...

Persistent link: https://www.econbiz.de/10011721602

Double Marginalization in Two-Sided Markets

Weyl, E. Glen - 2012

Should banks (through Visa) be allowed to own debit clearing networks? This problem combines the classic Cournot (1838)-Spengler (1950) double marginalization problem with the more recent literature on two-sided markets (Rochet and Tirole, 2003). Because both the double marginalization (Weyl,...

Persistent link: https://www.econbiz.de/10014211566

Monopoly Pricing with Negative Network Effects : The Case of Vaccines

Kessing, Sebastian G.; Nuscheler, Robert - 2005

We study the market for vaccinations considering income heterogeneity on the demand side and monopoly power on the supply side. A monopolist has an incentive to exploit the external effect of vaccinations and leave the poor susceptible in order to increase the willingness to pay of the rich....

Persistent link: https://www.econbiz.de/10014074350

Indirect network effects with two Salop circles: the example of the music industry

Dewenter, Ralf; Haucap, Justus; Wenzel, Tobias - 2009

This paper analyses the interdependency between the market for music recordings and concert tickets, assuming that there are positive indirect network effects both from the record market to ticket sales for live performances and vice versa. Using a model with two interrelated Salop circles we...

Persistent link: https://www.econbiz.de/10003894812

Multisided media markets : applying the theory of multisided markets to media markets

Lindstädt-Dreusicke, Nadine - 2009

Media markets recently have been identified as multisided markets. The application of the theory of multisided markets … theory of multisided markets and subsequently applies it to media markets. Finally the paper draws attention to the new … perspectives and insights the theory provides but also brings open research questions to light. -- media economics ; two …

Persistent link: https://www.econbiz.de/10003911979

Thomes, Tim Paul - 2010

This paper presents a theory of vertically interrelated markets of identical fixed size under implementation of …

Persistent link: https://www.econbiz.de/10008669962

Price coordination in two-sided markets : competition in the TV industry

Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - 2010

The TV industry is a two-sided market where both advertisers and viewers buy access to the programs offered by competing TV channels. Under the current market structure advertising prices are typically set by TV channels while viewer prices are set by distributors (e.g. cable operators). The...

Persistent link: https://www.econbiz.de/10003955216