Showing 1 - 10 of 16,111
This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price-discrimination, allowing for arbitrary configurations of network externalities, as well as horizontal and vertical product differentiation. Domination in the coordination game...
Persistent link: https://www.econbiz.de/10005661635
Following the Internet’s widespread adoption, much economic work has studied ‘online platforms’: firms that mainly interact with consumers in cyberspace. This article surveys such work, focusing on the ways in which traditional economic models have been adapted to incorporate...
Persistent link: https://www.econbiz.de/10011141075
We analyze whether and how the fact that products are not sold on free, public platforms but on competing for-profit platforms affects sellers? investment incentives. Investments in cost reduction, quality, or marketing measures are here the joint and coordinated efforts by sellers. We show...
Persistent link: https://www.econbiz.de/10005008622
entry into the market for platform slots, or platform owners my form a club that restricts entry. We provide a positive and …
Persistent link: https://www.econbiz.de/10005662172
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004We develop a general theoretical framework of trade on a platform on which buyers and sellers interact. The platform may be owned by a single large, or many small independent or vertically integrated intermediaries. We...
Persistent link: https://www.econbiz.de/10005785930
We analyze whether and how the fact that products are not sold on open or public platforms but on competing for-profit platforms affects sellers’ investment incentives. Investments in cost reduction, quality, or marketing measures are here the joint and coordinated efforts by sellers. We show...
Persistent link: https://www.econbiz.de/10005789005
We develop a general theoretical framework of trade on a platform on which buyers and sellers interact. The platform may be owned by a single large, or many small independent or vertically integrated intermediaries. We provide a positive and normative analysis of the impact of platform ownership...
Persistent link: https://www.econbiz.de/10005126718
into an entry barrier, protecting the position of an inefficient incumbent; or that, conversely, they can make it possible …
Persistent link: https://www.econbiz.de/10010948884
for recent empirical results that point to an inverted-U shape relationship between competition and innovation. The model … information on whether this idea can be converted into a successful project against the cost of delaying innovation: a given firm …'s profit following innovation is decreasing in the number of firms that invested at earlier dates. By recognizing that a firm …
Persistent link: https://www.econbiz.de/10010900526
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run … including: <I>i</I>) measuring welfare gains from product innovation; <I>ii</I>) competition and efficiency in e …-commerce, education, and health care; and <I>iii</I>) interactions between product- and factor-market competition ... La concurrence, l'innovation …
Persistent link: https://www.econbiz.de/10005045849