We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the … changes over time in exchange rate data among cryptocurrencies. Specifically, we look at two aspects: (1) competition among … different currencies, and (2) competition among exchanges where those currencies are traded. Our data suggest that the winner …

substantive liability standards for dominant firms in US antitrust law and in EC Competition law. The competition law remedies … roots of the competition law violation identified in the liability decision and others who advance the view that the … developing such a remedy in the future are briefly discussed before more emphasis is put on alternative remedies (competition and …

. In addition to tactical price competition, we allow firms to compete through business model reconfigurations. We consider … closed" in response to competition from an outside open source project; (ii) firms are more likely to open substitute, rather …

technological race against a competitor. I find that the outside option to become OS might soften competition on innovation since …In this paper I study how innovation investment in a software duopoly is affected by the fact that one of the firms is … find that a PS duopoly might generate more innovation than a mixed duopoly if the initial technological gap between firms …