Farrell, J., and G. Saloner, "Standardization, Compatibility,and Innovation, " Rand Journal ofEconomics 16 (1985), 70--83. Home/Search Document Not in Database Summary Related Articles Check |
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A Managerial Perspective on the Logic of Increasing.. - den Hartigh, Langerak.. (2000) (Correct)
....new information and knowledge, the learning effects are reinforced. This indicates that increasing returns are present. Network effects A third source of increasing returns is network effects. These occur when the economic utility of using a product becomes larger as its network grows in size (Farrell and Saloner, 1985; Katz and Shapiro, 1985) Network size is determined by the number of suppliers and users of products based on a common technological standard. Network size is important in modern information and knowledge intensive markets, such as the markets for software programs, cellular phones, and Internet ....
....machines are linked into a network, each additional fax machine sliding down the chute increases the value of all the fax machines operating before it (Kelly, 1997, p. 142) When a product s economic utility increases as more customers start using it, this is referred to as direct network effects (Farrell and Saloner, 1985; Katz and Shapiro, 1985) Network effects are also a factor when products are used in combination with complementary products. The increase in a product s economic utility as more customers start using complementary products is referred to as indirect or market mediated network effects (Farrell ....
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Farrell, J. and G. Saloner 1985. "Standardization, Compatibility, and Innovation." Rand Journal of Economics 16, no.1: 70-83.
The Quality of Complex Systems and Industry Structure - Economides, Lehr (1995) (Correct)
.... quality along multiple dimensions which are not mappable into a unitary index (e.g. they view a comparison of reliability and customer service as akin to comparing apples and oranges ) 5 See for example Besen and Johnson (1986) David and Greenstein (1990) Economides and White (1994) Farrell and Saloner (1985, 1986) and Katz and Shapiro (1986) Page 4 The rest of this paper is organized into four sections. Section 2 describes our model, its relationship to other models in the literature and our solution approach. We proceed by analyzing how changes in industry structure alter equilibrium solutions ....
Farrell, Joseph and Saloner, Garth (1985), "Standardization, Compatibility, and Innovation," Rand Journal of Economics, vol. 16, pp. 70-83.
One-Way Networks, Two-Way Networks, Compatibility, and Public .. - Economides, White (1994) (Correct)
....prices. 5 Thus we can call indirect network 5 For example, if A i s are ATM machines and B j s are banks, the combination of two ATMs by themselves (but not linked to a bank) A i S A A j , gives no utility. 4 Electricity networks are an exception, since customers and nodes coincide. 5 Farrell and Saloner (1985) describe this as a market mediated effect. 5 externalities the economies of scope that are found in one way networks. 6 Finally, the achievement of externalities in one way networks again requires compatibility. 2.3 Vertically Related Markets The most important common feature of both ....
Farrell, Joseph, and Garth Saloner, (1985), "Standardization, Compatibility, and Innovation," Rand Journal of Economics, Vol. 16, No. 1, pp. 70-83.
Comparative Statics by Adaptive Dynamics and The Correspondence.. - Echenique (2000) (Correct)
....Given the importance of increasing returns and other non convexities in many areas of economics, it is important to have methods that do not require convexity. If the example presented above had discrete choice sets, the Implicit Function Theorem could not have been used. In Section 6. 2 I present Farrell and Saloner s (1985) network externalities model as an example where none of the existing comparative statics methods are useful. A final advantage of this version of the CP is that the dynamics used encompass a wide array of behavioral assumptions. In this sense the results are robust to the specification of ....
....(#(t) t# [0, 1] with #(t) N, 0, p] u it ) i # N ) is an increasing family of games. Hence, all the results in this paper about the set of Nash equilibrium prices E(t)hold. 6. 2 Network Externalities This section presents an application of the results in the paper to a generalization of Farrell and Saloner s (1985) model of network externalities. Consider a set N of firms that can choose to adopt a new technology in each of T rounds of play. There are network externalities in the sense that if a larger number of firms switch to the new standard, then it becomes more profitable for any firm to also change. ....
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Farrell, J., and G. Saloner (1985): "Standardization, compatibility and innovation," Rand Journal of Economics, 16(1), 70--83.
Monopoly Pricing - With Network Externalities (Correct)
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Farrell, J., and G. Saloner, "Standardization, Compatibility,and Innovation, " Rand Journal ofEconomics 16 (1985), 70--83.
MISQ Special Issue Workshop - Standardization Of Xml-Based (Correct)
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Farrell, J., and Saloner, G. "Standardization, Compatibility, and Innovation", RAND Journal of Economics, Vol. 16, No. 1, 1985, pp. 70-83.
Direct vs. Indirect Network Effects: Standardization and.. - Clements (1999) (Correct)
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Farrell, Joseph, and Garth Saloner (1985): "Standardization, Compatibility, and Innovation," Rand Journal of Economics, 16, 70-83.
Snowball - The Evolution of Dynamic Oligopolies with Network.. - Markovich (1999) (1 citation) (Correct)
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Farrell, J., and G. Saloner, 1985, "Standardization, Compatibility, and Innovation", RAND Journal of Economics, 16: 70-83.
Vertical Differentiation, Trade and Endogenous Common Standards - Lambertini, Rossini (2000) (Correct)
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Farrell, J. and G. Saloner (1985), "Standardization, Compatibility, and Innovation ", RAND Journal of Economics, 16, 70-83.
Adoption of Superior Technology in Markets with Heterogeneous .. - Janssen, Mendys (2000) (Correct)
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Farrell, J., Saloner, G., 1985, "Standardization, Compatibility, and Innovation", RAND Journal of Economics, vol. 16, 70 -- 83.
Critical Mass and Network Size with Application to the US.. - Economides, Himmelberg (1995) (5 citations) (Correct)
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Farrell, Joseph and Saloner, Garth (1985), "Standardization, Compatibility, and Innovation," Rand Journal of Economics, vol. 16, pp. 70-83.
Critical Mass and Network Evolution in Telecommunications - Economides, al. (1995) (1 citation) (Correct)
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Farrell, Joseph and Saloner, Garth (1985), "Standardization, Compatibility, and Innovation," Rand Journal of Economics, vol. 16, pp. 70-83.
Competition Policy In The Information Economy - Shapiro (1999) (Correct)
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Farrell, Joseph and Garth Saloner, (1985), "Standardization, Compatibility, and Innovation," Rand Journal of Economics, vol. 16, pp. 70-83.
Network Externalities, Complementarities, and Invitations to Enter - Economides (1995) (Correct)
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Farrell, Joe and Garth Saloner (1985), "Standardization, Compatibility, and Innovation," Rand Journal of Economics, vol. 16, pp. 70-83.
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