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We study compatibility decisions of two competing platform owners that generate profits through both hardware sales and royalties from content sales. We consider a game-theoretic model in which two platforms offer different standalone utilities to users. We find that incentives to establish...
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This book addresses the recent debate about copyright law and its impact on the distribution of scientific knowledge from an economic perspective. The focus is on the question whether a copyright regime or an open access regime is better suited to the norms and organizational structure in a...
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"More and more leaders in the last few years have challenged their own pricing models, invested in price optimization … without an overarching pricing strategy ? and the structured framework to derive and support it ? these leaders have often … who understand that pricing is a powerful lever, yet feel it is hard to act on. It offers the pricing strategies and …
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pricing and product development decisions. In these systems, the firm presents customers with a product design and gives them … development and/or pricing of the product. We model the interactions between the rm and strategic customers in such systems as a … that these systems may increase gross product profits by up to 50% for development and by 20-30% for pricing …
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