Search Results - subject:"Network externality"

Coordination Failures under Incomplete Information and Global Games

Fukao, Kyoji - Institute of Economic Research, Hitotsubashi University - 1994

and a network externality model. It is shown that both the monetary authority in the speculative attack model and the … central planner in the network externality model will prefer the equilibrium in a global game with small noise to the worst …

Persistent link: https://www.econbiz.de/10005450379

Contract Violations, Neighborhood Effects, and Wage Arrears in Russia

Earle, John S.; Sabirianova Peter, Klara - Institute for the Study of Labor (IZA) - 2004

We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...

Persistent link: https://www.econbiz.de/10005763706

Network Externalities, Demand Inertia, and Dynamic Pricing in an Experimental Oligopoly Market

Bayer, Ralph-C; Chan, Mickey - Econometric Society - 2004

Many commodities are such that the utility they create for individual consumers depends positively on the number of people also consuming these goods. Prominent examples among others are mobile phones, game consoles, and computer software. The customers form a network, where the size of the...

Persistent link: https://www.econbiz.de/10005342145

Identity vs. Popularity

Mialon, Sue Hwang - Econometric Society - 2004

the expected transaction costs in each group. Due to network externality, there is a higher value of transaction and more …

Persistent link: https://www.econbiz.de/10005329005

Carl Menger and the network theory of money

Stenkula, Mikael - In: The European Journal of the History of Economic Thought 10 (2003) 4, pp. 587-606

Carl Menger has occasionally been cited as a forerunner to the network theory of money. This article analyses Carl Menger's monetary theory and evaluates whether he was aware of the network characteristic of money from a retrospective angle. The result is mixed. Menger is one of the first to...

Persistent link: https://www.econbiz.de/10005505288

Network Effects, Nonlinear Pricing and Entry Deterrence

Sundararajan, Arun - EconWPA - 2003

A number of products that display positive network effects are used in variable quantities by heterogeneous customers. Examples include corporate operating systems, infrastructure software, web services and networking equipment. In many of these contexts, the magnitude of network effects are...

Persistent link: https://www.econbiz.de/10005561494

Indirect Network Externality Effects on Product Attributes

Basu, Amiya; Mazumdar, Tridib; Raj, S. P. - In: Marketing Science 22 (2003) 2, pp. 209-221

Indirect network externality (INE) effect exists when the utility of a product increases with the greater availability …

Persistent link: https://www.econbiz.de/10008788024

A Consumer-Based Model of Competitive Diffusion of Two Goods: The Effects of Network Externalities and Local Interactions

Tomochi, Masaki; Murata, Hiroaki; Kono, Mitsuo - EconWPA - 2002

consuming either A or B. The payoff matrix of the game contains the positive effects of network externality, that is, the …-field approximation show that the existence of the positive effects of the network externality amplifies any slight initial difference in …. On the other hand, without effects of the network externality the slight initial difference is not enlarged and both …

Persistent link: https://www.econbiz.de/10005407515

Information Technology Externalities: Empirical Evidence from 42 U.S. Industries

Mun, S-B.; Nadiri, M.I. - C.V. Starr Center for Applied Economics, Department of … - 2002

Using interindustry transaction in input-output tables, we examine Information Technology (IT) externalities in U.S. private industries over the period 1984-2000. Our empirical results show that computerization of an industry's customer and supplier industries reduces both labor and material...

Persistent link: https://www.econbiz.de/10005826934

Benefits Of Communications Infrastructure Capital In U.S. Economy

Nadiri, M. Ishaq; Nandi, Banani - In: Economics of Innovation and New Technology 10 (2001) 2-3, pp. 89-107

industrial sectors of the U.S. economy. This effect captures network externality benefits and can be interpreted as a willingness …

Persistent link: https://www.econbiz.de/10009200537