Lagged Network Externalities and Rationing in a Software Monopoly PDF Download
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Author: Corrado Di Maria
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Author: Corrado Di Maria
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Author: Nicholas Economides
Publisher:
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Category :
Languages : en
Pages : 0
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We analyze a model of multi-period monopoly in durable goods. Taking into consideration the special conditions of software markets, we assume that there are no used software markets and that manufacturers stop selling older software when they introduce a replacement model. We show that nominal as well as discounted (real) prices decrease over time but are above cost, thereby violating the Coase conjecture. In contrast, when "new" durable goods are introduced by the monopolist which are only partially compatible with "old" durable goods, prices may increase over time. This occurs when the intensity of network externalities arising from weak partial forward compatibility (influencing the demand of the old good from sales of the new one) is low compared to the intensity of network externalities arising from partial backward compatibility (influencing the demand of the new good from sales of the old one). A new product introduced by an entrant is successful only when it has strong externalities arising from forward compatibility. In this case, the entrant and the incumbent have opposite incentives regarding the degree of forward compatibility of the new product (that defines the extent of network externalities of the old product on consumers of the new one). Key words: durable goods, monopoly, network externalities.
Author: Gerda Falkner
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Category : European Union
Languages : en
Pages : 62
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Author: John Peterson
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Category : Policy networks
Languages : en
Pages : 64
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Author: Liesbet Hooghe
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Category : Decentralization in government
Languages : en
Pages : 64
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Author: Jo Shaw
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Category : Constitutional law
Languages : en
Pages : 64
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Author: Bob Jessop
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Category : Globalization
Languages : en
Pages : 58
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Author: Tanja A. Börzel
Publisher:
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Category : Europe
Languages : en
Pages : 66
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Author: Liesbet Hooghe
Publisher:
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Category : Elite (Social sciences)
Languages : en
Pages : 60
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Author: Hans Werner Gottinger
Publisher: Routledge
ISBN: 1134472811
Category : Business & Economics
Languages : en
Pages : 294
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This revealing book examines different types of network industries such as railways, telecommunications and new media, and investigates their economics with an accent on history makes it stand apart from others in the area. Hans Gttinger's accessible writing style and knowledgeable research makes this book recommended reading for all those in
