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 …

innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …

the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We …To stay on top of global competition, firms and governments often need to acquire innovative goods and services … potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms …

This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price … competition and reduces average equilibrium prices. Because bandwagon effects are due to the incompatibility of networks, under … incentives to unilaterally degrade the quality for some targeted group of consumers in order to weaken competition. …

We examine a Bertrand competition game between two intermediaries offering matching services between two sides of a …

may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation …

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

In this Paper, I explore the circumstances under which innovation processes without secrecy or intellectual property … of embedded Linux, I develop a duopoly model of quality competition. Firms require two complementary technologies as …