Market policy and destructive network effects

Network effects, market structure and industry performance

This paper provides a thorough analysis of oligopolistic markets with positive demand side network externalities and perfect compatibility. The minimal structure imposed on the model primitives is such that industry output increases in a firm's rivals' total output as well as in the expected network size. This leads to a generalized equilibrium existence treatment that includes guarantees for a...

Labor market regimes and the effects of monetary policy

In this paper, we evaluate the effects of monetary policy on inflation and unemployment under different institutional arrangements in the labor market. We show that the effects of monetary policy on the real economy depend critically on the wage formation regime, and on the ways in which the restrictiveness of policy interacts with product price competition, wage setting centralization and the ...

Stock Market Uncertainty and the Analysis of Monetary Policy shock

Policy makers impose policies to improve economy circumstance in order to achieve economic goals. However, the consequence of these policies along with the intended goals will also influence expectations, fluctuations, etc., and cause changes in levels of uncertainty. The important role of the stock market in the economy, makes it important to examine its uncertainty and its interaction with mo...

Network Effects in the Security Software Market ∗

The market for security software has witnessed an unprecedented growth in recent years. A closer examination of this market reveals certain idiosyncrasies that are not observed in a traditional software market. For example, it is a highly competitive market involving many vendors. Yet, the market coverage seems relatively low. Prior research has not attempted to explain what makes this market d...

Towards constructive and destructive dynamic network configuration