two-sided marketsmonopoly quality choicenetwork effectsmulti-product monopoly pricingI develop a general theory of monopoly pricing of networks. Platforms use insulating tariffs to avoid coordination failure, implementing any desired allocation.Social Science Electronic Publishing...
内容提示: A Price Theory of Multi-Sided PlatformsBy E. G LEN W EYL ∗Draft: October 6, 2009I develop a general theory of monopoly pricing of networks. Platforms useinsulating tariffs to avoid coordination failure, implementing any desired al-location. Profit-maximization distorts in the ...
摘要: I develop a general theory of monopoly pricing of networks. Platforms use insulating tariffs to avoid coordination failure, implementing any desired allocation.关键词: two-sided markets monopoly quality choice network effects multi-product monopoly pricing ...
A Price Theory of Multi-Sided Platforms 热度: defining antitrust markets when firms operate two-sided platforms 热度: Two-sidedInternetplatforms:Abusinessmodellifecycleperspective LaurentMuzellec a, ⁎,SébastienRonteau b ,MaryLambkin a a UCDMichaelSmurfitGraduateBusinessSchool,UniversityCollegeDublin,...
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers’ perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price change...
Price Theory: A Provisional Text 作者: Milton Friedman; ISBN13: 9781891396892 类型: 平装 语种: 英语(English) 出版日期: 2011-02-15 出版社: Martino Fine Books 页数: 290 重量(克): 657 尺寸: 27.94 x 20.955 x 1.5494 cm 商品简介 2011 Reprint of 1962 edition. Full facsimile of the original ...
(J Ind Econ 40:147–156, 1992 ) to a multi-regional framework. It is assumed that some consumers are loyal to their respective regional firms, while others prefer the nationwide firm's product. A third type of consumers is sensitive to price. With simultaneous price-setting, it is ...
Describes the unique product and service bundle that solves customer problems and distinguishes your company from the competition. Values may be quantitative (e.g. price, speed of service) or qualitative (e.g. design, customer experience). Ultimately, it answers the question, ‘Why should customer...
Price theory in a monetary economy is outlined in this chapter. Prices are considered to equalize demand and supply in a barter economy. However, the function of price changes entirely in a monetary economy. As is evident from daily life, the value of money (the inverse of the price index...
O’Hara, Market Microstructure Theory, 1997 (Blackwell: Cambridge). Potters 和 Bouchaud, More statistical properties of order books and price impact. Physica A: Stat. Mech. Appl., 2003, 324, 133–140. Smith等, Statistical theory of the continuous double auction. Quant. Finance, 2003, 3, 48...