We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...

Fortschrittliche Informations- und Kommunikationstechnik gilt als ein wesentliches Hilfsmittel, mit dem Städte den zunehmenden Herausforderungen der Urbanisierung begegnen können. Dabei geht es vor allem um die Integration von Systemen und Daten aus verschiedenen Domänen wie Energie, Verkehr,...

Recent advances in telecommunications, particularly using fibre technologies, permit many services based on data-processing to be performed anywhere in the world. They thus become tradable and subject to the laws of comparative advantage. A good example is data-processing within large...

In this paper, we analyze the problem of congestion and quality loss of data transmission through the Internet from an economic perspective. We show that due to the congestion problem, quality sensitive services are likely to be crowded out by high volume but less quality sensitive applications...

In order to analyse the role of competition in the post-trade markets a normative network economic analysis of securities business is provided. The theory of monopolistic bottlenecks constitutes the theoretical reference point for this analysis in order to identify stable network specific market...