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dc.contributor.authorSuleymanova, Irinaen
dc.contributor.authorWey, Christianen
dc.date.accessioned2008-07-09-
dc.date.accessioned2009-08-06T13:20:04Z-
dc.date.available2009-08-06T13:20:04Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/27318-
dc.description.abstractWe analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products. Our main result is that network effects create a fundamental conflict between the maximization of social welfare and consumer surplus whenever products are incompatible. While consumer surplus is highest in the symmetric equilibrium, social welfare is highest in the asymmetric equilibrium. We also show that both consumer surplus and social welfare are higher in any equilibrium under compatibility when compared with incompatible products. However, .firms never have strict incentives to achieve compatibility. Finally, we show the robustness of our results when products are horizontally differentiated.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x794en
dc.subject.jelD43en
dc.subject.jelL13en
dc.subject.ddc330en
dc.subject.keywordBertrand duopolyen
dc.subject.keywordnetwork effectsen
dc.subject.keyword(In-) compatibilityen
dc.subject.keywordwelfareen
dc.subject.stwDuopolen
dc.subject.stwProduktdifferenzierungen
dc.subject.stwNetwork Externalitiesen
dc.subject.stwNormungen
dc.subject.stwWettbewerben
dc.subject.stwKonsumentenrenteen
dc.subject.stwSoziale Wohlfahrtsfunktionen
dc.subject.stwWohlfahrtseffekten
dc.subject.stwTheorieen
dc.titleOn the (mis-) alignment of consumer and social welfare in markets with network effects-
dc.type|aWorking Paperen
dc.identifier.ppn571535828en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp794en

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