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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26266
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| Title: | The Economics of Networks |
| Authors: | Economides, Nicholas |
| Issue Date: | Sep-1995 |
| Series/Report no.: | EC-94-24 |
| Abstract: | We analyze the salient features of networks and point out the
similarities between the economic structure of networks and the
structure of vertically related industries. The analysis focuses on
positive consumption and production externalities, commonly called
network externalities. We discuss their sources and their effects on
pricing and market structure. We distinguish between results that do not
depend on the underlying industry microstructure (the "macro"
approach) and those that do (the "micro" approach). We analyze
the issues of compatibility, coordination to technical standards,
interconnection and interoperability, and their effects on pricing and
quality of services and on the value of network links in various
ownership structures. We also briefly discuss the issue of
interconnection fees for bottleneck facilities. |
| URI: | http://hdl.handle.net/2451/26266 |
| Appears in Collections: | Economics Working Papers
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