There are commonly two types of network effects, direct and indirect. Direct effects occur when a product's value increases as the number of users increases. Telephones were the first example of an item with direct network effects. Sometimes one product can spur new technology or innovation. Whe...
and the Law of Torts.' After noting that this article - which was in part responsible for the renaissance of the law and economics movement - was "far different" from his own approach to law; Tedeschi added that it clearly sized new light and that is all that matters in legal ...
‘Network Effects’ is the defining phenomenon representing the modern digital economy. With the growth and dominance of the FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks over the last 2 decades, Network Effects have been identified as the overwhelming creator of value in the econom...
This paper studies network market problems in which firm(s)/platform(s) sets quality in addition to price. A well-established result in the network economics literature is that a profit-maximizing firm concerns only how quality is valued by the marginal consumer but not by inframarginal consumers...
As network effects become a primary advantage of theplatformbusiness, which can’t be easily replicated. The company needs to shift its mindset and manage the interactions in the platform. This is a key step to take. Think of the case of a company like Amazon, which over the years passed...
Mergers and acquisitionsCorporate governanceCorporate control marketManagerial labor marketWe study the effects on M&A outcomes of CEO network centrality, which ... R El-Khatib,K Fogel,T Jandik - 《Journal of Financial Economics》 被引量: 79发表: 2015年 A theory of optimal expropriation, mergers...
The objective is to study the optimal dynamic pricing for a digital good or service, which exhibits positive network externalities in a duopoly setting where one producer offers its prices on a per-use basis and the other a competing and nearly equivalent product on a fixed-fee plan, for a ...
Network effectsCitationsGoogle ScholarWe study the network effects of publishing in finadoi:10.1016/j.najef.2015.06.004ChanNatlKamNatlC.NatlChangNatlChih-HsiangNatlYuanchenNatlThe North American journal of economics and financeThe network effects of publishing in finance[J] . Kam C. Chan,Chih-...
We can use network economics to analyze the Bitcoin network; cryptocurrencies are said to exhibit network externalities or demand side economies of scale. The chapter starts by discussing network effects and how they affect a cryptocurrency's emergence and growth; it then moves on to discuss a ...
2021, Resource and Energy Economics Optimal regulatory policies for charging of electric vehicles 2021, Transportation Research Part D: Transport and Environment Citation Excerpt : There are also several theoretical contributions that look at network effects in the car market. Both Sartzetakis and Tsiga...