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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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An Introduction to the Law and Economics of Intellectual Property

TL;DR: Although economists have written on topics of intellectual property for a long time, the impact of economics on public policy in this area has been slight, especially as compared to the influence of professional writings in areas such as antitrust and taxation.
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Innovation ecosystems and the pace of substitution: Re‐examining technology S‐curves

TL;DR: In this article, the authors present a framework that considers both the focal competing technologies as well as the ecosystems in which they are embedded to understand why new technologies emerge and quickly supplant incumbent technologies while others take years or decades to take off.
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Strategic success in winter sports destinations: a sustainable value creation perspective.

TL;DR: In this article, two new models related to the strategic analysis of winter sports destinations are developed, namely, the value fan and the conceptual organisational model, for analysis at strategic level of such destinations.
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Firm Strategy and Age Dependence: A Contingent View of the Liabilities of Newness, Adolescence, and Obsolescence

TL;DR: Unlike prior research on organizational age dependence, which has described entire populations as exhibiting a liability of newness, adolescence, or obsolescence, the authors adopts a contingent vie...
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Shared Information Goods

TL;DR: In this article, the authors compare profitability under the assumption that information goods are used only by their direct purchasers, with the more realistic assumption that goods are sometimes shared within small social communities.
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.