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Compatibility And Market Structure For Network Goods
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Book Synopsis Compatibility and Market Structure for Network Goods by : Nicholas Economides
Download or read book Compatibility and Market Structure for Network Goods written by Nicholas Economides and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the economics of industries where network externalities are significant. In such industries, firms have strong incentives to adhere to common technical compatibility standards so that they reap the network externalities of the whole group. However, a firm also benefits from producing an incompatible product thereby increasing its horizontal product differentiation. We show how competition balances these opposing incentives. We find that market equilibria often exhibit extreme disparities in sales, output prices, and profits across firms, despite no inherent differences in the firms' production technologies. This may explain the frequent domination of network industries by one or two firms. We also find that the presence of network externalities dramatically affects conventional welfare analysis, as total surplus in markets where these externalities are strong is highest under monopoly and declines with entry of additional firms.
Book Synopsis Network Effects, Market Structure and Industry Performance by : Rabah Amir
Download or read book Network Effects, Market Structure and Industry Performance written by Rabah Amir and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a thorough analysis of oligopolistic markets with positive demand-side network externalities and perfect compatibility. The minimal structure imposed on the model primitives is such that industry output increases in a firm's rivals' total output as well as in the expected network size. This leads to a generalized equilibrium existence treatment that includes guarantees for a nontrivial equilibrium, and some insight into possible multiplicity of equilibria. We formalize the concept of industry viability and show that it is always enhanced by having more firms in the market and/or by technological improvements. We also characterize the effects of market structure on industry performance, with an emphasis on departures from standard markets. As per-firm profits need not be monotonic in the number of competitors, we revisit the concept of free entry equilibrium for network industries. The approach relies on lattice-theoretic methods, which allow for a unified treatment of various general results in the literature on network goods. Several illustrative examples with closed-form solutions are also provided.
Book Synopsis The Network(ed) Economy by : Roman Beck
Download or read book The Network(ed) Economy written by Roman Beck and published by Springer Science & Business Media. This book was released on 2007-12-11 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roman Beck presents a new goods classification model to explore the dissemination of IT and e-business standards and designs two applications that support and improve firms' electronic interlaced communication by means of automation and standardization effects. He then examines how network effects drive the diffusion of communication standards and develops a model which is implemented as a simulation to show the dynamic interplay between direct and indirect network effects during the diffusion process. It also addresses critical mass and life cycle issues, as well as related utility changes in communication standards.
Book Synopsis Economics of Grids, Clouds, Systems, and Services by : Kurt Vanmechelen
Download or read book Economics of Grids, Clouds, Systems, and Services written by Kurt Vanmechelen and published by Springer. This book was released on 2012-11-28 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 9th International Workshop on Economics of Grids, Clouds, Systems, and Services, GECON 2012, held in Berlin, Germany, in November 2012. The 12 revised full papers presented together with 6 work in progress papers were carefully reviewed and selected from more than 36 submissions. The papers are organized in the following topical sections: market mechanisms, pricing and negotiation; resource allocation, scheduling and admission control; work in progress on tools and techniques for cost-efficient service selection; market modeling; trust; cloud computing in education; and work in progress on cloud adoption and business models.
Book Synopsis Social Networks and their Economics by : Daniel Birke
Download or read book Social Networks and their Economics written by Daniel Birke and published by John Wiley & Sons. This book was released on 2013-07-24 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reveals how consumer choice can be better understood and influenced using social networks analysis (SNA) Intuitively, we all appreciate that we can be influenced by our friends and peers in what we do, how we behave, and what products we consume. Until recently, it has been difficult to measure this interdependence, mainly because data on social networks was difficult to collect and not readily available. More and more companies such as mobile phone carriers or social networking sites such as Facebook are collecting such data electronically. Daniel Birke illustrates in compelling real-world case studies how companies use social networks for marketing purposes and which statistical analysis and unique datasets can be used. Social Networks and their Economics: Explores network effects and the analysis of social networks, whilst providing an overview of the state-of-the art research. Looks at consumption interdependences between friends and peers: Who is influencing who through which channels and to what degree? Presents statistical methods and research techniques that can be used in the analysis of social networks. Examines SNA and its practical application for marketing purposes. Features a supporting website www.wiley.com/go/social_networks featuring SNA visualizations and business case studies. Aimed at post-graduate students involved in social network analysis, industrial economics, innovation and consumer marketing, this book offers a unique perspective from both an academic and practitioner point of view on how social networks can help understand and influence consumer behaviour. This book will prove to be a useful resource for marketing practitioners from companies where social network data is available and for consulting companies who advise businesses on marketing and social media related issues.
Book Synopsis The Economics of Online Markets and ICT Networks by : Russel Cooper
Download or read book The Economics of Online Markets and ICT Networks written by Russel Cooper and published by Springer Science & Business Media. This book was released on 2006-07-25 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the economics of platform structure and firm competition within and between online markets. It also details modern theoretical treatments of regulatory intervention in online markets and the consideration of forward-looking experimental analysis of demand for yet to be provided services. The volume is divided into three parts: innovation and competition in online markets; regulation, pricing and evaluation with real options; and empirical approaches to market analysis.
Book Synopsis EBOOK: Strategy: Analysis and Practice by : MCGEE, JOHN/THO
Download or read book EBOOK: Strategy: Analysis and Practice written by MCGEE, JOHN/THO and published by McGraw Hill. This book was released on 2010-08-16 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt: EBOOK: Strategy: Analysis and Practice
Book Synopsis The Economics of Network Industries by : Oz Shy
Download or read book The Economics of Network Industries written by Oz Shy and published by Cambridge University Press. This book was released on 2001-01-08 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces upper-level undergraduates, graduate students, and researchers to the latest developments in network economics, one of the fastest-growing fields in all industrial organization. Network industries include the Internet, e-mail, telephony, computer hardware and software, music and video players, and service operations in the banking, legal, and airlines industries among many others. The work offers an overview of the subject matter as well as investigations about specific industries. It conveys the essential features of how strategic interactions between firms are affected by network activity, as well as covering social interaction and its influence on consumers' choices of products and services. Virtually no calculus is used in the text, and each chapter ends with a series of exercises and selected references. The text may be used for both one- and two-semester courses.
Book Synopsis Network Externalities, Competition, and Compatibility by : Michael L. Katz
Download or read book Network Externalities, Competition, and Compatibility written by Michael L. Katz and published by . This book was released on 1983 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Encyclopedia of Multimedia Technology and Networking by : Pagani, Margherita
Download or read book Encyclopedia of Multimedia Technology and Networking written by Pagani, Margherita and published by IGI Global. This book was released on 2005-05-30 with total page 1218 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This encyclopedia offers a comprehensive knowledge of multimedia information technology from an economic and technological perspective"--Provided by publisher.
Book Synopsis The Evolution of Standards by : Volker Simmering
Download or read book The Evolution of Standards written by Volker Simmering and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volker Simmering shows how globalization influences the evolution of international standards and compares the roles of mandatory and voluntary standards. He investigates the problem of technological progress in networks and analyzes the resolution of conflicts within international standardization bodies. As a result, he suggests that policy intervention and the presence of adjacent institutional arrangements are likely to improve the performance of network markets, e.g. those for information technology and telecommunication.
Book Synopsis Business Strategy in the Online Industry by : Christian Göttsch
Download or read book Business Strategy in the Online Industry written by Christian Göttsch and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Christian Göttsch lays out the structural setting and the predominant mechanisms underlying the online industry and identifies its enduring economic principles for business strategies.
Book Synopsis The Impact of Compatibility on Incentives to Innovate in a Network Goods Market by : Tsuyoshi Toshimitsu
Download or read book The Impact of Compatibility on Incentives to Innovate in a Network Goods Market written by Tsuyoshi Toshimitsu and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Europe's Network Industries by : Lars Bergman
Download or read book Europe's Network Industries written by Lars Bergman and published by Centre for Economic Policy Research. This book was released on 1998 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is the first in a new series, Monitoring European Deregulation (MED), launched by CEPR and SNS Förlag in 1997. The MED Reports feature new, policy-oriented research on the liberalization of the European markets of the major 'network industries:' telecommunications, energy, air transportation, rail, and water. Addressed to a wide audience of both academics and European decisionmakers in the private-sector and policy communities, at both the national and EU level, the series will play an important role in informing the policy debate and influencing current thinking on these issues.
Book Synopsis The Economics of Network Industries by : Oz Shy
Download or read book The Economics of Network Industries written by Oz Shy and published by Cambridge University Press. This book was released on 2001-01-08 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces upper-level undergraduates to network economics, the fastest-growing area of industry.
Book Synopsis The International Handbook of Competition by : Manfred Neumann
Download or read book The International Handbook of Competition written by Manfred Neumann and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThis comprehensive Handbook demonstrates that academic thinking, new and old, has a role to play in shaping modern competition policy.Õ Ð Gunnar Niels, Oxera This indispensable Handbook examines the interface of competition policy, competition law and industrial economics. The book aims to further our understanding of how economic reasoning and legal expertise complement each other in defining the fundamental issues and principles in competition policy. In specially commissioned chapters the book provides a scholarly review of economic theory, empirical evidence and standards of legal evaluation with respect to monopolization of markets, exploitation of market power and mergers, among other issues. The International Handbook of Competition Ð Second Edition will be accessible to a wide audience including students of economics and law, public administrators, lawyers, consultants, and business executives.
Book Synopsis Connecting People, Ideas, and Resources Across Communities by : David V. Gibson
Download or read book Connecting People, Ideas, and Resources Across Communities written by David V. Gibson and published by Purdue University Press. This book was released on 2007 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenge of connecting people, ideas, and resources across communities stems from the quest for competition in a global world, at the same time that the basic infrastructure to foster wealth creation is asymmetrically distributed across regions of the globe.
