منابع مشابه
Network Externalities , Market Quality and Trading Activity
This paper analyzes the impact of network externalities and market quality on trading costs and activity. The price impacts of trades of stocks cross-listed on two international stock exchanges are found to be significantly lower on one of the exchanges. Foreign exchange conversion costs, and differences in tick size and the network externalities associated with how the upstairs markets on the ...
متن کاملLocal Network Externalities and Market Segmentation
This paper models interaction between groups of agents by means of a graph where each node represents a group of agents and an arc represents bilateral interaction. It departs from the standard Katz-Shapiro framework by assuming that network benefits are restricted only amongst groups of linked agents. It shows that even if rival firms engage in Bertrand competition, this form of network extern...
متن کاملMarket Failure and the Structure of Externalities
Policy interest in renewable energy technologies has been gathering momentum for the past several decades, and increased incentives and funding for renewable energy are often described as the panacea for a variety of issues ranging from environmental quality to national security to green job creation. Sizable policies and programs have been implemented worldwide to encourage a transition from f...
متن کاملNetworks, Network Externalities and Market Segmentation
This paper models interaction between groups of agents by means of a graph where each node represents a group of agents and an arc represents bilateral interaction. It departs from the standard KatzShapiro framework by assuming that network benefits are restricted only amongst groups of linked agents. It shows that even if rival firms engage in Bertrand competition, this form of network externa...
متن کاملCity Land Use and Rent Dynamics with Location Externalities and Zoning Regulations
Researchers embracing agent-based microsimulation models often criticize the inability of urban equilibrium models to reflect spatial heterogeneity and transitional dynamics. These limitations are major barriers for land use and transportation planners who may wish to apply urban economic models in regular planning processes. To this end, this paper extends Anas’ spatial computable general equi...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2717503