Dynamic competition with network externalities: how history matters
نویسندگان
چکیده
منابع مشابه
Dynamic Competition with Network Externalities: Why History Matters∗
This paper considers dynamic platform competition in a market with network externalities. A platform that dominated the market in the previous period becomes “focal” in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists. We ask whether a low-quality but focal platform can maintain its focal position along time, when it ...
متن کاملDynamic Competition with Network Externalities: Why History Matters∗ (preliminary and incomplete)
This paper considers dynamic platform competition in a market with network externalities. A platform that dominated the market in the previous period becomes “focal” in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists. We ask whether a low-quality but focal platform can maintain its focal position along time, when it ...
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This paper analyzes competition in a two-period differentiated-products duopoly in the presence of both switching costs and network effects. Consumers are assumed to have rational expectation about network sizes, and future prices. The equilibrium prices in both periods are lower than markets with just switching costs and they decrease with the magnitude of network effects. Hence, in any period...
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متن کاملStrategic Dynamic Pricing with Network Externalities
We study the optimal pricing policy of a strategic monopolist selling durable goods in a dynamic pricing game with multiple rounds. Customers are forward-looking and experience a (positive) network externality, i.e., each customer’s utility depends not only on her valuation of the item and the offered price, but also the weighted sum of the number of other customers who have purchased the item....
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2020
ISSN: 0741-6261,1756-2171
DOI: 10.1111/1756-2171.12304