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Mixed Bundling and Mergers Review of Network Economics (IF 0.083) Pub Date : 2024-02-12 Daniel R. Vincent
Beginning with two Hotelling duopolies where demand for the product in each market is independent of demand for the product in the other, the paper examines the price, profit and welfare consequences that result when first one firm in a market merges with a firm in the other market creating a single two-product firm and then the remaining two firms merge – resulting in a duopoly of two-product firms
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Price-Cap Regulation of Firms That Supply Their Rivals Review of Network Economics (IF 0.083) Pub Date : 2024-02-12 Soo Jin Kim, Omar A. Nayeem, Aleksandr Yankelevich
We study price-cap regulation in a market in which a vertically integrated upstream monopolist sells an essential input to a downstream competitor. In the absence of regulation, entry benefits both firms, but may harm downstream consumers because the upstream monopolist can set a high input price that would push downstream prices above the unregulated monopoly level. However, if a regulator caps the
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A Signaling Theory of the Online Consumer Review Policy Review of Network Economics (IF 0.083) Pub Date : 2023-12-16 Jeong-Yoo Kim, Wei Xu
In this paper, we consider a two-period model of an experience good with a seller (informed player) and a consumer (uninformed player) in each period. In the model, we examine the seller’s decision about offering refunds for online reviews of his products, and each period consumer’s purchasing decision together with the first period consumer’s reviewing decision. Our main interest is whether a high-quality
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Investment, Subsidies, and Universal Service: Broadband Internet in the United States Review of Network Economics (IF 0.083) Pub Date : 2023-12-07 Kyle Wilson
Access to the internet is critical for participating in modern society, and yet many Americans lack access to high-speed internet. A key objective of U.S. telecommunications policy is to promote policies that advance the availability of quality telecommunications services, with the goal of universal service. I develop a dynamic model of internet service providers’ entry, exit, and upgrade decisions
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Net Neutrality and Online Innovation: An Empirical Study of the UK Review of Network Economics (IF 0.083) Pub Date : 2023-11-21 Laura Nurski
How does a fast lane on the internet affect the entry of online content providers? To answer this question, I provide empirical evidence that connection speed greatly influences consumption of online video and that changes in speed therefore directly impact the entry of video content providers. I also present a framework to think about the incentives of broadband providers to offer a fast lane with
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Demand in a Portfolio-Choice Environment: The Evolution of Telecommunications Review of Network Economics (IF 0.083) Pub Date : 2023-11-17 Jeffrey T. Macher, John W. Mayo, Olga Ukhaneva, Glenn A. Woroch
The introduction of a new good (or service) often creates situations in which consumers may choose to consume an extant good, a new good, both goods, or neither. Understanding the evolution and determinants of consumer demand in these situations can be quite important to economic policy formation, and especially so in network industries experiencing the entry of new services. In this study, we draw
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The Impact of Mobile Phones on Change in Employment Status in South Africa Review of Network Economics (IF 0.083) Pub Date : 2023-11-17 Lukasz Grzybowski, Zubair Maghmood Patel
In this paper we analyse whether having a mobile phone impacts chances of getting employed. We use five waves of panel data from the National Income Dynamic Survey (NIDS), which was conducted in South Africa between years 2008 and 2017. In the estimation we include a vector of observable individual and household characteristics and account for unobserved heterogeneity amongst individuals. The estimation
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Welfare Effects of Platforms’ Exclusivity Clauses Review of Network Economics (IF 0.083) Pub Date : 2023-09-01 Marit Holler
Buyers are often active on multiple digital platforms, while gatekeeper platforms can force sellers contractually to use one platform exclusively. This paper considers the welfare effects of such exclusivity clauses for buyers, sellers and platforms in a platform duopoly with a seller membership fee. A setting with partially multihoming buyers and sellers is compared to one with partially multihoming
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Interoperability Between Mobile Money Agents and Choice of Network Operators: The Case of Tanzania Review of Network Economics (IF 0.083) Pub Date : 2023-08-31 Lukasz Grzybowski, Valentin Lindlacher, Onkokame Mothobi
In this paper, we investigate the effects of non-exclusive agreements between networks of mobile money agents on mobile network operator choices, using survey data from Tanzania conducted in 2017. By combining survey responses with geo-location data and information on agent proximity, we employ discrete choice models to analyze consumers’ decisions in subscribing to mobile network operators and their
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Monopolistic Screening Under Mental Accounting: Applications to Loan Markets with Collateral Review of Network Economics (IF 0.083) Pub Date : 2023-07-14 Byung-Cheol Kim
This paper extends the standard model of monopolistic screening to allow for some consumers who engage in narrow framing, a prominent behavioral bias of mental accounting. Narrow framing generates a bias toward high quality-price ratios, which induces even high-type consumers to choose a menu that targets low-type consumers. To strategically account for narrow framing, when the monopolist induces the
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Why Do Platforms Charge Proportional Fees? Commitment and Seller Participation Review of Network Economics (IF 0.083) Pub Date : 2023-05-11 Johannes Muthers, Sebastian Wismer
This paper deals with trade platforms whose operators not only allow third party sellers to offer their products to consumers, but also offer products themselves. In this context, the platform operator faces a hold-up problem if he uses classical two-part tariffs only as potential competition between the platform operator and sellers reduces platform attractiveness. Since some sellers refuse to join
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Competition for Quality of Services under Net Neutrality and Prioritization Review of Network Economics (IF 0.083) Pub Date : 2023-04-10 Jeong-Yoo Kim
This paper examines the effect of prioritization on competing CPs’ incentives to invest to improve their quality of service (QoS). We show that in the single-homing case, no CP makes a positive amount of investment under net neutrality because the effect of reducing delay is shared by both CPs, while the prioritized CP does not invest to improve QoS in the M/M/1 queuing model in which the effect is
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EU-Mercosur Free Trade Agreement: Exploring the Impact on E-Commerce Review of Network Economics (IF 0.083) Pub Date : 2023-04-06 Estrella Gomez-Herrera, Nestor Duch-Brown, María C. Latorre
Recent technological changes have altered the way in which interactions take place between economic agents. One of the main advances is the possibility to broadly disseminate information at very low cost. E-commerce is a significant part of this change, becoming increasingly important within the EU. In this paper we analyze the impact of the recent trade agreement reached between EU and Mercosur countries
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The Effect of E-Commerce on Grocery Store Choice and Retail Competition Review of Network Economics (IF 0.083) Pub Date : 2023-03-27 Clara Etcheverry
E-commerce continues its expansion, and most retail groups have opened online distribution channels in the French grocery market. Using purchasing data, I develop a store choice model and a supply model to estimate the effect of the online distribution channel on consumer welfare and retail competition. E-commerce leads to a small decrease in consumer surplus. Furthermore, only online leaders obtain
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Card Acceptance by Small Merchants: An Application of the Tourist Test to Peru Review of Network Economics (IF 0.083) Pub Date : 2022-03-15 Jose Aurazo,Milton Vega
Abstract This paper presents a first estimation of the tourist test threshold for interchange fees that makes Peruvian small merchants indifferent between accepting cash and debit cards at the point of sale. We use the tourist test model (initially proposed by Rochet and Tirole), including tax evasion (Aurazo and Vasquez’s model) as an extra factor in the merchants’ decision between cash and card payments
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Broadband Internet and Income Inequality Review of Network Economics (IF 0.083) Pub Date : 2021-06-01 Georges V. Houngbonon,Julienne Liang
Abstract Digital technologies like the Internet can affect income inequality through increased demand for employment in manual and abstract jobs and reduced demand for employment in routine jobs. In this paper, we combine city-level income distribution and jobs data with broadband data from France to investigate the impact of broadband Internet access on income inequality. Using an instrumental variable
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The Expansion of Peer-to-Peer Lending Review of Network Economics (IF 0.083) Pub Date : 2021-05-26 Olena Havrylchyk,Carlotta Mariotto,Talal Rahim,Marianne Verdier
Abstract We use data from the two leading US platforms, Prosper and Lending Club, to explore the drivers of the growing consumer demand for peer-to-peer (P2P) credit. Despite the online nature of new entrants, we rely on the spatial autoregressive model because spatial effects play an important role. Our findings suggest that the initial growth of P2P lending was spurred by the global financial crisis
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Bundling and Consumer Churn in Telecommunications Markets Review of Network Economics (IF 0.083) Pub Date : 2021-03-01 Lukasz Grzybowski,Julienne Liang,Christine Zulehner
Abstract In this paper, we analyze how fixed-mobile (quadruple-play) bundling impacts the decision of consumers to churn telecommunications services. We use a database from an European operator of fixed and mobile telecommunications services which includes information about 9.6 million fixed broadband subscribers and 14.2 million mobile subscribers between March 2014 and February 2015. These data is
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Competition and Schedule Padding in the US Airline Industry Review of Network Economics (IF 0.083) Pub Date : 2021-03-01 Jules Yimga
Abstract Disclosure programs can help consumers with limited information about product quality make better purchase decisions. A quality disclosure mandate such as the On-Time Disclosure Rule in the U.S. that requires airlines to provide information on the quality of their products can be beneficial, but can also be counterproductive if it encourages airlines to act deceptively by “gaming” the system
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The Impact of Mobile Number Portability on Demand Price Elasticities in Sub-Saharan African Countries Review of Network Economics (IF 0.083) Pub Date : 2020-12-01 Onkokame Mothobi
Abstract This paper examines the effect of mobile number portability (MNP) on own- and cross-price elasticities. We use quarterly data for 27 mobile operators in seven Sub-Saharan Africa countries between 2010Q4 and 2014Q4 to estimate a differentiated products demand model. We find that the implementation of MNP increases price elasticities of demand for mobile services. This increase in price elasticities
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Planned Obsolescence with Network Effects Review of Network Economics (IF 0.083) Pub Date : 2020-12-01 Oscar Gutiérrez
Abstract This paper appeals to the interplay between network effects and quality to justify the use of planned obsolescence by well-settled firms. We propose a simple contagion model to analyze an asymmetric duopoly market where an incumbent firm benefits, at least initially, from the first‐mover advantages attributed to network industries, while the entrant offers a product with higher quality. The
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The Net Neutrality Debate is Outdated: Time for a New Wider View Review of Network Economics (IF 0.083) Pub Date : 2020-10-27 Victor Glass
AbstractIn 2008, former FCC Commissioner McDowell warned that Net Neutrality regulatory rulings could change every two to four years with election results His prediction was prescient. The democrat-led Wheeler Commission used technical definitions of telecommunication and information services to place all carriers under light touch Title II common carrier regulations. The succeeding republican-led
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Competition in Markets with Quality Uncertainty and Network Effects Review of Network Economics (IF 0.083) Pub Date : 2020-10-06 Bjørn-Atle Reme
Abstract We study how quality uncertainty among consumers affects price competition in the presence of network effects. Our main result is that quality uncertainty has non-monotonic effects on firms’ price setting behavior. Prices and industry profit is first falling, then increasing, in quality uncertainty. In addition we show that quality uncertainty can force a high quality provider to be aggressive
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Content Provision in the Media Market with Single-Homing and Multi-Homing Consumers Review of Network Economics (IF 0.083) Pub Date : 2020-10-05 Armando J. Garcia Pires
Abstract In this paper, we analyze the effects on content provision in the news market of single-homing (i.e. when readers consume news from just one outlet) and multi-homing (i.e. when readers can choose to consume news from competing outlets). Media firms compete on content provision and on advertising revenues. Readers have an ideal variety of content and experience a disutility from consuming news
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Direct Interconnection and Investment Incentives for Content Quality Review of Network Economics (IF 0.083) Pub Date : 2020-09-25 Soo Jin Kim
Abstract This paper analyzes the effects of direct interconnection agreements in the Internet backbone on content quality investment for content providers (CPs). The model assumes that when the Internet service provider (ISP) has a vertical affiliation with one CP, the ISP directly interconnects the affiliated CP’s traffic to its network for free while collecting a direct interconnection fee from the
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A Welfare Assessment of Revenue Management Systems Review of Network Economics (IF 0.083) Pub Date : 2020-09-10 Nicolas Dupuis, Marc Ivaldi, Jerome Pouyet
Abstract We study the welfare impact of revenue management, a practice which is widely spread in the transport industry, but whose impact on consumer surplus remains unclear. We develop a theoretical model of revenue management allowing for heterogeneity in product characteristics, capacity constraints, consumer preferences, and probabilities of arrival. We also introduce dynamic competition between
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Mobile Telephony in Emerging Markets: The Importance of Dual-SIM Phones Review of Network Economics (IF 0.083) Pub Date : 2020-09-01 Kjetil Andersson,Daniel Göller
Abstract A substantial share of customers in emerging markets use dual-SIM phones and subscribe to two mobile networks. A primary motive for so called multi-simming is to take advantage of cheap on-net services from both networks. In our modelling effort, we augment the seminal model of competing telephone networks á la Laffont, Rey and Tirole (1998b) by a segment of flexible price hunters that may
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Payment System Self-Regulation through Fee Caps Review of Network Economics (IF 0.083) Pub Date : 2020-08-12 Fabian Griem
Abstract This paper considers the organization of a single (domestic) payment system. When card issuers that are members of a payment system set their fees individually, this gives rise to a free-riding problem, as in providing access to different customers, card issuers are complements from the perspective of each merchant. When payment systems can threaten to exclude, in particular, card issuers
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Network-Mediated Knowledge Spillovers in ICT/Information Security Review of Network Economics (IF 0.083) Pub Date : 2020-06-01 Neil Gandal,Nadav Kunievsky,Lee Branstetter
Abstract A large literature has used patent data to measure knowledge spillovers across inventions but few papers have explicitly measured the impact of the collaboration networks formed by inventors on the quality of invention. This paper develops a method to measure the impact of collaboration networks of inventors on invention quality. We apply this methodology to the information and communication
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Is Imitation Bad for the Production of Creative Works? Review of Network Economics (IF 0.083) Pub Date : 2020-06-01 Sang Hoo Bae,Kyeongwon Yoo
Abstract This paper develops a theoretical framework to discuss the positive role of imitative works where creators often have private information about their creative abilities and may need outside investment. Within this framework, we consider the impact of three types of copyright protection during the different stages: the production, distribution, and consumption of creative works. Different types
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Market Power and Marginal Cost Effects in Competing Markets: Evidence from Airline Mergers Review of Network Economics (IF 0.083) Pub Date : 2019-06-26 Huubinh B. Le, Jules Yimga
Abstract There are both market power and cost efficiency effects associated with airline mergers. Previous studies, however, have primarily focused on merger price effects, which is the net effect of these two forces. This paper attempts to decompose and measure these effects by using a model that allows us to derive proxies for market power and cost efficiency. In particular, we are interested in
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Aligning Quality Incentives and Tariff Adjustments: The Case of the Brazilian Electricity Distribution Sector Review of Network Economics (IF 0.083) Pub Date : 2019-03-26 Maria Luisa Corton, Michelle Andrea Phillips, Aneliese Zimmermann
Abstract This study investigates the role of aligning tariff adjustments and quality incentives in a Price cap regulatory regime. According to theory costs and quality are positively related. If additional resources are needed to improve service quality, a high cost high quality utility could be at a disadvantage when tariffs are adjusted by an X-factor that does not include quality. The regulator
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The Impact of Structural Reforms and Regulations on the Demand Side in the Railway Industry Review of Network Economics (IF 0.083) Pub Date : 2019-03-26 Fumitoshi Mizutani
The main purpose of this study is to evaluate factors affecting passenger rail demand, with special attention to the effects of structural reform/regulation and competition. In order to do this, we use data obtained from 30 OECD countries for the 24 years from 1990 to 2013. As structural reform/regulation and competition variables, we take the OECD’s five kinds of regulatory indices: (i) overall, (ii)
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Conquering the Box Office: Factors Influencing Success of International Movies in Russia Review of Network Economics (IF 0.083) Pub Date : 2018-12-19 Sophia Gaenssle, Oliver Budzinski, Daria Astakhova
Abstract This paper empirically examines factors influencing box office success of international movies in Russia between 2012 and 2016. It adds to existing research on national movie markets, by highlighting the relevance of differences in culture, institutions, language, and consumption habits for movie success. Three groups of success factors are distinguished: distribution related (e.g. budget
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The Static-Dynamic Efficiency Trade-off in the US Rail Freight Industry: Assessment of an Open Access Policy Review of Network Economics (IF 0.083) Pub Date : 2018-12-19 Daniel Coublucq, Marc Ivaldi, Gerard McCullough
Abstract Considering the US railroad industry, which is characterized by seven integrated firms that provide freight services on tracks they own and maintain, this paper provides a structural model that allows to evaluate the potential effects of opening the rail network to new firms on prices and investment incentives. In particular, we propose a framework for analyzing the tension between static
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Special Issue on “Recent Net Neutrality Polices in Europe and the US” Review of Network Economics (IF 0.083) Pub Date : 2018-09-25 Wolfgang Briglauer
This special issue presents five selected contributions from well-known scholars and policy experts to provide both academia and policy makers from the ICT sector with an overview of the economic impacts of recent net neutrality policy changes in the EU and the US. In both jurisdictions, fundamental policy shifts have been implemented in the last two decades with lengthy and controversial decision-making
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Network Neutrality Through the Lens of Network Economics Review of Network Economics (IF 0.083) Pub Date : 2018-09-25 Volker Stocker, Guenter Knieps
Abstract Network neutrality for the Internet has been a fiercely debated topic for more than 15 years. Arguably spurred by recent regulatory actions in the US and the tremendous ecosystem evolution as characterized by the emergence and growing importance of global cloud platforms as well as the Internet of Things, the debate has recently seen a resurgence. This paper describes the origins and development
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Net Neutrality and Mobile App Innovation in Denmark and Netherlands 2010–2016 Review of Network Economics (IF 0.083) Pub Date : 2018-09-25 Roslyn Layton
Abstract Net neutrality or “Open Internet” rulemaking has been ongoing for more than a decade. Some 50 nations have adopted formal rules including the US (then repealed), the European Union, India, and many countries in Latin America. Among other arguments, it is asserted that net neutrality rules are necessary for application innovation. While the focus for policymakers has largely been to make rules
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Net Neutrality Regulation: Much Ado about Nothing? Review of Network Economics (IF 0.083) Pub Date : 2018-09-25 Ingo Vogelsang
Abstract The economics literature on Net Neutrality (NN) has been largely critical of NN regulation on the basis of theoretical findings that NN violations can be both welfare improving and welfare deteriorating, depending on the circumstances of the case in question. Thus, an ex post competition policy approach would be preferable to a strict ex ante prohibition of NN violations. In contrast, the
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Net Neutrality and Investment in the US: A Review of Evidence from the 2018 Restoring Internet Freedom Order Review of Network Economics (IF 0.083) Pub Date : 2018-09-25 George S. Ford
Abstract In 2018, the Federal Communications Commission’s Restoring Internet Freedom Order reversed its 2015 decision to apply common carrier regulation to broadband Internet access services under Title II of the Communications Act of 1934. Empirical evidence indicating negative investment effects of the regulation played a key role in this reversal, though the quantification of these investment effects
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Net Neutrality Policies and Regulation in the United States Review of Network Economics (IF 0.083) Pub Date : 2018-09-25 Mark A. Jamison
Abstract The US debate about net neutrality has been unusually contentious for a telecommunications regulatory issue, most recently culminating in a 2017 reversal of a 2015 decision to apply traditional telephone regulations, written for a monopoly era, to internet service providers. This article reviews this history, beginning 1956 when the government first imposed an industry boundary between transmission
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The Supply Network and Price Dispersion in the Canadian Gasoline Market Review of Network Economics (IF 0.083) Pub Date : 2018-06-26 Brandon Malloy
This paper examines the impact of variation in transportation options – what I denote the “supply network” – on observed price differences between locations for a specific good, retail gasoline. I use a unique data set of weekly gasoline prices across 44 Canadian cities to analyze how the existence of variation in the available modes of transportation for gasoline between cities (via pipeline, marine
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Negative Intra Group Network Externalities in a Monopolistic Two-Sided Market Review of Network Economics (IF 0.083) Pub Date : 2018-06-26 Gokce Kurucu
Abstract This paper analyzes the optimal market structures and pricing strategies of a monopolist platform in a two-sided market where the agents on each side prefer the platform to be less competitive on their side; that is, in a market with negative intra-group network externalities. Results show that the equilibrium market structure varies with the extent of negative intra-group network externalities
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Bundling, Vertical Differentiation, and Platform Competition Review of Network Economics (IF 0.083) Pub Date : 2018-03-26 Keke Sun
This paper studies the bundling strategies of two firms that each sell a horizontally differentiated platform and a complementary good. When the complementary goods are vertically differentiated, the firm that sells the superior one can commit to a more aggressive pricing strategy through bundling. In the presence of asymmetry in externalities between the two sides in the platform market, bundling
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Cards on the Table: Efficiency and Welfare Effects of the No-Surcharge Rule Review of Network Economics (IF 0.083) Pub Date : 2018-03-26 David Henriques
Abstract In Electronic Payment Networks (EPNs), the No-Surcharge Rule (NSR) requires that merchants charge at most the same amount for a payment card transaction as for cash. In this paper, I use a three-party model (consumers, local monopolistic merchants, and a proprietary EPN) with endogenous transaction volumes, heterogeneous card use benefits for merchants and network externalities of card-accepting
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The Rise of Streaming Music and Implications for Music Production Review of Network Economics (IF 0.083) Pub Date : 2017-12-20 R. Scott Hiller, Jason M. Walter
Abstract In this paper, we model the potential for streaming music, a non-durable product, to upend and displace durable music sales. As the popularity of streaming music increases producers will adjust their production to focus on the non-durable channel. We identify conditions under which the changes in music delivery will encourage musicians to release fewer songs, but at a higher quality, leading
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Special Issue on “Economics of Digitization” Review of Network Economics (IF 0.083) Pub Date : 2017-09-26 Paul Belleflamme, Alexandre de Cornière, Oliver Falck, Axel Gautier
The process of digitization has already had a profound impact on the functioning of the markets in the last decade, and it should bring even more interesting changes in the near future. This Special Issue on the Economics of Digitization includes four selected articles, which illustrate the implications of various aspects of digitization for consumers and firms. The analysis of price discrimination
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Who Pays for Card Payments? A General Model on the Role of Interchange Fees Review of Network Economics (IF 0.083) Pub Date : 2017-09-26 Carlotta Mariotto, Marianne Verdier
When a consumer pays by card, the merchant’s bank pays to the consumer’s bank an interchange fee. In this article, we construct a general model of a card platform that unifies the literature on interchange fees. We enrich the existing frameworks by analyzing the choice of the interchange fee when consumer demand is elastic to retail prices. We show that the difference between the privately set structure
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Consumer Privacy and the Incentives to Price-Discriminate in Online Markets Review of Network Economics (IF 0.083) Pub Date : 2017-09-26 Alexandre de Cornière, Rodrigo Montes
This paper studies how product customization and consumer privacy affect amonopolist’s incentives to engage in perfect price discrimination.We consider a monopolist that faces an ex ante choice to commit to price discrimination or to a uniform price. We introduce a simple model in which a monopolist can use analytics to access consumer data to both price-discriminate and offer customized products.
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The Value of Consumer Data in Online Advertising Review of Network Economics (IF 0.083) Pub Date : 2017-09-26 Marc Bourreau, Bernard Caillaud, Romain de Nijs
Abstract In this paper we propose a model where consumer personal data have multidimensional characteristics, and are used by platforms to offer ad slots with better targeting possibilities to a market of differentiated advertisers through real-time auctions. A platform controls the amount of information about consumers that it discloses to advertisers, thereby affecting the dispersion of advertisers’
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Following the Code: Spillovers and Knowledge Transfer Review of Network Economics (IF 0.083) Pub Date : 2017-09-26 Neil Gandal, Peter Naftaliev, Uriel Stettner
Abstract Knowledge spillovers in Open Source Software (OSS) can occur via two channels: In the first channel, programmers take knowledge and experience gained from one OSS project they work on and employ it in another OSS project they work on. In the second channel, programmers reuse software code by taking code from an OSS project and employing it in another. We develop a methodology to measure software
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Infrastructure Charges for International Train Services Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Frank Jost
This paper sets out the evolution of international rail traffic in recent years and some of the legislative measures taken by the European Union to strengthen rail. If the same tools that have successfully been deployed for charges of domestic transport by rail are applied to cross border services, results will be systematically distorted to the detriment of cross border services.
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Railway Finance in Europe Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Chris Nash
Governments make substantial contributions to the finance of railways in Europe. This paper first considers the possible justifications for subsidies – namely normalisation of accounts, public service obligations, economies of density, relief of externalities on other modes, wider economic benefits and option values. It then considers the alternative ways of giving subsidies in the form of contributions
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Public and Private Provision of Railway Services: A Case Study from Slovakia Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Martin Jurikovič, Zdeněk Tomeš
Abstract This article analyses a case study of passenger rail transport in Slovakia when operation of a commuter line to the capital city was changed from a public operator to a private one. This change brought about significant changes in the organisation of services. The private operator RegioJet introduced new rolling stock, a regular and more frequent timetable, peak and off-peak pricing, and additional
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The Underappreciated Connection between Rail Restructuring Strategies and Financing Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Russell Pittman
Abstract The railways industry is a capital-intensive industry requiring very large initial and ongoing investment streams. Proposals to restructure the traditional state-owned monopoly railway in a particular country are often designed to address concerns not only regarding inefficient operations and monopoly stagnation but also the long-term unreliability of government financing, especially of the
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Public Budget Contributions to the European Rail Sector Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Jan Thomas Schäfer, Georg Götz
Abstract This paper provides an analysis of the funding structure of the railways in eight European countries. It updates and expands the well-known database on public contributions to rail, which has initially been published by [NERA (2004) Study of the Financing of and Public Budget Contributions to Railways: A Final Report for European Commission, DG TREN. London: NERA National Economic Research
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Track Access Charge Control in the Railway Sector, Its Interaction with Specific Financing Structures and the Determination of Incentives – The German Infrastructure Manager DB Netz AG Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Christiane Trampisch
The contribution explains the financing system of the German railway sector. Market players like infrastructure managers, railway undertakings, the federal and the regional level (“Länder”) and the Bundesnetzagentur are interrelated due to the institutional setting, especially due to the controland supervision duties of Bundesnetzagentur. This also concerns the financial flows related interconnections
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Planning, Evaluation and Financing of Transport Infrastructures: Rethinking the Basics Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Ginés de Rus, M. Pilar Socorro
Abstract This paper revises some of the common views on transport infrastructure investment and proposes alternative ways to achieve a more efficient planning, evaluation and financing of transport infrastructures in a world where planners may pursue their own interests, there exist different levels of government, and budget constraints are pervasive. We focus on the need for public planning and independent
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Competition For Versus In the Market of Long-Distance Passenger Rail Services Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Frédéric Cherbonnier, Marc Ivaldi, Catherine Muller-Vibes, Karine Van Der Straeten
Abstract This paper is aimed at evaluating the net gains and trade-offs at stake in implementing the competition of the rail mode in the long distance passenger market either by means of franchise or by an open access mechanism. We simulate the outcomes of competition in and for the market using a differentiated-products oligopoly model allowing for inter- and intra-modal competition in a long distance
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Rail Funding and Financing Review of Network Economics (IF 0.083) Pub Date : 2017-06-26 Lorenzo Casullo
Funding and financing arrangements for railway infrastructure in Europe are often perceived as complex and opaque. Given the large sums of public money involved, greater transparency on inputs and outputs is required. This paper aims to present an overview of rail infrastructure funding and financing in Europe based on recent evidence, and draws comparisons with the systems in the US and Japan. We