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We analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products …
Persistent link: https://www.econbiz.de/10003726108
We analyze Bertrand duopoly competition in markets with network effects and consumer switching costs. Depending on the …, and cost asymmetries. Finally, in a dynamic extension of our model, we show how competition depends on agents' discount … factors. -- Network Effects ; Switching Costs ; Bertrand Competition …
Persistent link: https://www.econbiz.de/10009236846
We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching …
Persistent link: https://www.econbiz.de/10012724212
This chapter focuses on the economic mechanisms at work in recent models of advertising finance in media markets developed around the concept of two-sided markets. The objective is to highlight new and original insights from this approach, and to clarify the conceptual aspects. The chapter first...
Persistent link: https://www.econbiz.de/10014025251
Market mechanism may or may not throw up compatibility in markets for systems where network effect arises due to complementarity of component parts of a system. We consider a game, where, in stage 1, the firms decide whether to standardise on a single technological platform or not and at the...
Persistent link: https://www.econbiz.de/10014070892
Inkompatibilität monopolisiert. Aus der Wohlfahrtsanalyse folgt, daß - je nach der Bedeutung der Netzeffekte, dem Ausmaß der …
Persistent link: https://www.econbiz.de/10010407083
We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching … compatible and to create additional switching costs. -- Network effects ; switching costs ; Bertrand competition ; market …
Persistent link: https://www.econbiz.de/10003726117
This paper investigates the competition between vertically differentiated platforms in two-sided markets. We assume the …
Persistent link: https://www.econbiz.de/10012904109
A model of a two-sided market with two horizontally differentiated platforms and multihoming on one side is developed. In contrast to recent contributions, it is shown that platforms do not necessarily generate all revenues on the multihoming side by charging a higher price. Also, whether...
Persistent link: https://www.econbiz.de/10014050762
We study the strategic choice of compatibility between two initially incompatible network goods in a two-stage game played by an incumbent and an entrant firm. Compatibility may be achieved by means of a converter. We derive a number of results under different assumptions about the nature of the...
Persistent link: https://www.econbiz.de/10013124727