A parimutuel market microstructure for contingent claims trading is proposed and analyzed. A parimutuel microstructure is a call auction where relative equilibrium prices of contingent claims are endogenously determined using a specific mechanism. We propose a market microstructure incorporating...

We analyze the equilibrium size of networks under alternative market structures. Networks are characterized by positive size externalities (commonly called quot;network externalitiesquot;). That is, the benefits of the addition of an extra node (or an extra customer) exceed the private benefits...

We consider a heretofore unexplored explanation for why platforms, such as Internet service providers and mobile-phone networks, offer plans with download limits: through one of two mechanisms, doing so causes the providers of the content consumer purchase to either reduce their prices or...