Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27318
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dc.contributor.authorSuleymanova, Irinaen_US
dc.contributor.authorWey, Christianen_US
dc.date.accessioned2008-07-09en_US
dc.date.accessioned2009-08-06T13:20:04Z-
dc.date.available2009-08-06T13:20:04Z-
dc.date.issued2008en_US
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_US
dc.language.isoengen_US
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen_US
dc.relation.ispartofseries|aDIW Discussion Papers |x794en_US
dc.subject.jelD43en_US
dc.subject.jelL13en_US
dc.subject.ddc330en_US
dc.subject.keywordBertrand duopolyen_US
dc.subject.keywordnetwork effectsen_US
dc.subject.keyword(In-) compatibilityen_US
dc.subject.keywordwelfareen_US
dc.subject.stwDuopolen_US
dc.subject.stwProduktdifferenzierungen_US
dc.subject.stwNetwork Externalitiesen_US
dc.subject.stwNormungen_US
dc.subject.stwWettbewerben_US
dc.subject.stwKonsumentenrenteen_US
dc.subject.stwSoziale Wohlfahrtsfunktionen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleOn the (mis-) alignment of consumer and social welfare in markets with network effectsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn571535828en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:diw:diwwpp:dp794en_US

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