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that exclusivity confers advantages in competition to a service that can generate larger lock-in effects. I then construct … model using the monthly data from China’s music streaming market over 2014-2017. Finally, I simulate market outcomes under … shows that compulsory licensing that enforces non-exclusive distribution would not improve market competition by “leveling …
Persistent link: https://www.econbiz.de/10014343728
descriptive empirics, I show that exclusivity confers advantages in competition for a service that can generate larger lock … decisions. I estimate the model using monthly data from China's music streaming market over 2014-17. Finally, I simulate market … simulation shows that compulsory licensing that enforces non-exclusive distribution would not improve market competition by …
Persistent link: https://www.econbiz.de/10014544582
-sided with paid products. In some cases, market competition is asymmetric with a single firm dominating the one-sided market … competition between the multi-product firms. Incorporating the platform market structure yields several interesting results. It is …
Persistent link: https://www.econbiz.de/10013295216
Large platform companies increasingly integrate vertically by building Internet infrastructure. These proprietary infrastructures confer cost and quality advantages in digital platform markets. I model competing investment incentives for an upstream player and a vertically integrated platform...
Persistent link: https://www.econbiz.de/10014242438
This chapter surveys the literature on the economics of radio, focusing on the broadcast industry in the United States. The first parts of the chapter provide a history of the radio industry and its regulation, and a guide to the data available for empirical research. The next part surveys the...
Persistent link: https://www.econbiz.de/10014025245
Harold Demsetz once claimed that 'economics has no antitrust relevant theory of competition.' Demsetz offered this …-dimensional nature of competition. Competition does not take place upon a single margin, such as price competition, but several … dimensions that are often inversely correlated such that a liability rule deterring one form of competition will result in more …
Persistent link: https://www.econbiz.de/10014046270
Manufacturers often engage in practices that impede consumer search. Examples include proliferating product varieties, imposing vertical informational restraints, and banning online sales to make it more difficult for consumers to compare prices. This paper models vertical bargaining over...
Persistent link: https://www.econbiz.de/10013169231
competition between McDonald's and Kentucky Fried Chicken (KFC) in China. The null hypothesis that KFC has unbiased beliefs is …
Persistent link: https://www.econbiz.de/10011946942
Central features of today’s electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...
Persistent link: https://www.econbiz.de/10010437054
We present a Cournot model that compares the critical threshold of collusion in Duopoly and Oligopoly Markets where the actors are private, mixed or public. We assume that the incentive critical threshold for collusion depends on the interconnection fees. The different threshold values...
Persistent link: https://www.econbiz.de/10013086142