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Network externalities, competition, and compatibility

Michael L. Katz
- 01 Jan 1985 - 
- Vol. 75, Iss: 3, pp 424-440
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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.

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Innovation Diffusion Modeling in the Construction Industry

TL;DR: In this paper, the authors used a more flexible model called the non-uniform influence (NUI) model to study the diffusion of a technological innovation, namely, computer aided design (CAD) technology in the Turkish architectural design practice; and an administrative innovation, such as ISO 9000 certification in Turkish precast concrete industry.
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When counterfeits raise the appeal of luxury brands

TL;DR: In this paper, the authors show that the presence of counterfeit goods can increase consumers' willingness to pay for well-known original brands, but not for lesser-known ones, and that brand awareness plays a moderating role in the positive relationship between counterfeiting and willingness-to-pay.
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“A roasted duck can still fly away”: A case study of technology, nationality, culture and the rapid and early internationalization of the firm

TL;DR: In this article, the authors highlight the importance of specific national and cultural factors constraining rapid and early internationalization, and argue that the nascent research field of international entrepreneurship has fully to account for the particular characteristics of technology products and markets, national business systems, and enduring cultural influences as it develops theoretical understanding of and guides management practices in emerging global technology markets.
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Music in Electronic Markets An Empirical Study

TL;DR: One of the first detailed empirical studies on the impact of internet technologies on a specific industry is presented, suggesting that changes in the music industry will indeed be far-reaching but disintermediation is not the likely outcome.
References
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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.
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Critical Mass and Tariff Structure in Electronic Communications Markets

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

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

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.