Dynamic R&D Incentives with Network Externalities

Dynamic R&D Incentives with Network Externalities PDF Author: Daniel Cerquera
Publisher:
ISBN:
Category :
Languages : en
Pages : 192

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Dynamic R&D Incentives with Network Externalities

Dynamic R&D Incentives with Network Externalities PDF Author: Daniel Cerquera
Publisher:
ISBN:
Category :
Languages : en
Pages : 192

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R&D Incentives, Compatibility and Network Externalities

R&D Incentives, Compatibility and Network Externalities PDF Author: Daniel Cerquera
Publisher:
ISBN:
Category :
Languages : en
Pages : 27

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Book Description
This paper analyzes the impact of network externalities on Ramp;D competition between an incumbent and a potential entrant. The analysis shows that the incumbent always invests more than the entrant in the development of higher quality network goods. However, the incumbent exhibits a too low level of investments, while the entrant invests too much in Ramp;D in comparison with the social optimum. In the model entry occurs too often in equilibrium. These inefficiencies are solely due to the presence of network externalities. By choosing compatible network goods, firms do not necessarily reduce the Ramp;D competition intensity.

Network Externalities, Demand Inertia and Dynamic Pricing in an Experimental Oligopoly Market

Network Externalities, Demand Inertia and Dynamic Pricing in an Experimental Oligopoly Market PDF Author: Ralph C. Bayer
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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This paper analyzes dynamic pricing in markets with network externalities. Network externalities imply demand inertia, because the size of a network increases the usefulness of the product for consumers. Because past sales increase current demand, firms have an incentive to set low introductory prices to be able to increase prices as their networks grow. However, in reality we observe decreasing prices. This could be due to other factors dominating the network effects. We use an experimental duopoly market with demand inertia to isolate the effect of network externalities. We find that experimental prices are consistent with real world observations rather than with theoretical predictions.

Incumbent's Incentive Under Network Externalities

Incumbent's Incentive Under Network Externalities PDF Author: Jaehong Kim
Publisher:
ISBN:
Category :
Languages : en
Pages : 23

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Agent-based Modeling and Network Dynamics

Agent-based Modeling and Network Dynamics PDF Author: Akira Namatame
Publisher: Oxford University Press
ISBN: 0198708289
Category : Computers
Languages : en
Pages : 341

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Book Description
The book integrates agent-based modeling and network science. It is divided into three parts, namely, foundations, primary dynamics on and of social networks, and applications. The authors begin with the network origin of agent-based models, known as cellular automata, and introduce a number of classic models, such as Schelling's segregation model and Axelrod's spatial game. The text shows that the modern network science mainly driven by game-theorists andsociophysicists has inspired agent-based social scientists to develop alternative formation algorithms, known as agent-based social networks.

Frontiers of Dynamic Games

Frontiers of Dynamic Games PDF Author: Leon A. Petrosyan
Publisher: Springer Nature
ISBN: 3030236994
Category : Mathematics
Languages : en
Pages : 336

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Book Description
This book is devoted to game theory and its applications to environmental problems, economics, and management. It collects contributions originating from the 12th International Conference on “Game Theory and Management” 2018 (GTM2018) held at Saint Petersburg State University, Russia, from 27 to 29 June 2018.

Interfirm Networks

Interfirm Networks PDF Author: Josef Windsperger
Publisher: Springer
ISBN: 3319101846
Category : Business & Economics
Languages : en
Pages : 321

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Book Description
The organization of interfirm networks, such as alliances, cooperatives, franchise and retail chains, has become an important research topic in the field of economics, marketing, strategic management, and organization theory. This book contributes to the literature on formal and informal inter-organizational governance by providing new insights on contract design, ownership, evolution of cooperation, role of social capital and performance in franchising networks; includes topics of loyalty, reputation and organizational form as well as performance of cooperatives, and discusses the relationship between formal and relational governance in alliances, governance structures of innovation activities, dynamics of interfirm conflicts, and network externalities and alliance formation.

Networks, Crowds, and Markets

Networks, Crowds, and Markets PDF Author: David Easley
Publisher: Cambridge University Press
ISBN: 1139490303
Category : Computers
Languages : en
Pages : 745

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Book Description
Are all film stars linked to Kevin Bacon? Why do the stock markets rise and fall sharply on the strength of a vague rumour? How does gossip spread so quickly? Are we all related through six degrees of separation? There is a growing awareness of the complex networks that pervade modern society. We see them in the rapid growth of the internet, the ease of global communication, the swift spread of news and information, and in the way epidemics and financial crises develop with startling speed and intensity. This introductory book on the new science of networks takes an interdisciplinary approach, using economics, sociology, computing, information science and applied mathematics to address fundamental questions about the links that connect us, and the ways that our decisions can have consequences for others.

Dynamics of Network Governance

Dynamics of Network Governance PDF Author: Decio Zylbersztajn
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The focus of this paper is the architecture of complex forms of governance, specifically, the architecture of networks. A network is a complex form of organization designed to govern inter-firm transactions involving horizontal and vertical coordination. The agent ́s choice among various institutional arrangements is affected by relation-specific investments, distributive mechanisms, and dynamic aspects based on relational contractual mechanisms, trust being a relevant variable. This paper investigates how horizontal and vertical coordination levels are connected. It recognizes that price incentives are important and introduces the effect of network externalities that also offer incentives. The paper presents a semiformal model that considers the existence of network externalities and applies a game approach to explain the choice among alternative strategies. The conceptual model is applied to two cases of network architecture in agro-industrial relations.

The Economics of Spatial Network Externalities and the Dynamics of Railway Gauge Standardization

The Economics of Spatial Network Externalities and the Dynamics of Railway Gauge Standardization PDF Author: Douglas J. Puffert
Publisher:
ISBN:
Category : Gages
Languages : en
Pages : 888

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