Open AccessPosted Content
Network externalities, competition, and compatibility
Reads0
Chats0
About:
This article is published in The American Economic Review.The article was published on 1985-01-01 and is currently open access. It has received 6100 citations till now. The article focuses on the topics: Network economics.read more
Citations
More filters
Journal ArticleDOI
Self-Selection and Information Role of Online Product Reviews
Xinxin Li,Lorin M. Hitt +1 more
TL;DR: This paper developed a model that examines how idiosyncratic preferences of early buyers can affect long-term consumer purchase behavior as well as the social welfare created by review systems, and empirically test using online book reviews posted on Amazon.com.
Book ChapterDOI
Coordination and Lock-In: Competition with Switching Costs and Network Effects
Joseph Farrell,Paul Klemperer +1 more
TL;DR: In this paper, the authors argue that even inefficient incompatible competition is often more profitable than compatible competition, especially for dominant firms with installed-base or expectational advantages, and therefore favor thoughtfully pro-compatibility public policy.
Journal ArticleDOI
Rational Herding in Microloan Markets
Juanjuan Zhang,Peng Liu +1 more
TL;DR: A unique panel data set that tracks the funding dynamics of borrower listings on Prosper.com, the largest microloan market in the United States, finds evidence of rational herding among lenders and shows that rational herded beats irrational herding in predicting loan performance.
Book ChapterDOI
Fifty Years of Empirical Studies of Innovative Activity and Performance
TL;DR: The authors reviewed the empirical literature on the determination of firms and industries' innovative activity and performance, highlighting the questions addressed, the approaches adopted, impediments to progress in the field, and research opportunities.
Journal ArticleDOI
Measuring Switching Costs and the Determinants of Customer Retention in Internet-Enabled Businesses: A Study of the Online Brokerage Industry
Pei-Yu Chen,Lorin M. Hitt +1 more
TL;DR: It is found that customer demographic characteristics have little effect on switching, but that systems usage measures and systems quality are associated with reduced switching, and online brokerage firms appear to have different abilities in retaining customers and have considerable control over their switching costs.
References
More filters
Journal ArticleDOI
Monopoly, quality, and regulation
TL;DR: In this paper, the authors argue that under regimes of monopoly and monopolistic competition, product characteristics (which are often endogenous variables) are not usually optimally set under the pressure of market forces, and that regulation is also beset with difficulties when price and quality are decision variables.
Journal ArticleDOI
Critical Mass and Tariff Structure in Electronic Communications Markets
Shmuel S. Oren,Stephen A. Smith +1 more
TL;DR: In this article, the authors developed an economic model that determines both the required critical mass size for startup and the ultimate expansion level of such a system and evaluated the effects of different pricing structures for the service under the assumption that users maximize benefits minus cost and a monopoly supplier maximizes profit.
Posted Content
Tax Analysis in an Oligopoly Model
Michael L. Katz,Harvey S. Rosen +1 more
TL;DR: In this article, the authors use the conjectural variations model of oligopoly to analyze the way in which the incidence of a tax depends upon the pattern of firm interaction and show that the errors that arise in excess burden calculations when incorrect assumptions on market structure are made.
Journal ArticleDOI
Tax Analysis in an Oligopoly Model
Michael L. Katz,Harvey S. Rosen +1 more
TL;DR: In this paper, the authors use the conjectural variations model of oligopoly to analyze the way in which the incidence of a tax depends on the pattern of firm interaction and show that the errors that can arise in excess burden calculations when incorrect assumptions on market structure are made.